Published: 04 July 2014

Contract tobacco continues to trickle in as overall sales reach $655 million ahead of the commencement of mop-up sales on July 15.

Latest figures from the Tobacco Industry Marketing Board (TIMB) show that as of yesterday, 206,5 million kilogrammes of flue-cured tobacco worth $655,3 million had been sold through both the auction and contract systems at an average price of $3,17 per kg.

The auction floors, which shut their doors last Friday, saw a total of 50,4 million kgs worth $136 million. The contract floors - which are still open - had sold 156,1 million kgs of the golden leaf worth $519 million as of close of business yesterday.

Compared to the prior year, there has been a 3,2 percent increase in volumes sold and a 14 percent increase in terms of value. Mop-up sales, to purchase any tobacco remaining on farms, will be held July 15.
- BH24

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