Tobacco deliveries by the time the season was officially closed on 28 August had reached 181 million kgs, The Herald reports.
This was reportedly revealed in a TIMB statistical report that stated that 181 million kilograms of tobacco grossed US$454,2 million during the Tobacco Marketing season. More statistics released by TIMB about the 2020 Tobacco season states that:
Introducing the Pindula News Mobil App
Download from Google Play Store
The crop received so far is 24 percent less than the 243,6 million kg worth US$486,7 million that had been sold by farmers during the same period last season.
On day 93, farmers had sold 172,3 million kg of tobacco worth US$428,5 million through the contract floors, while auction floors sold a cumulative 9,1 million kilogrammes of tobacco worth US$25,7 million.
The highest price offered by buyers at the auction floors remained at US$4,99 per kg, while that of the contract floors was US$6,60 per kg.
TIMB also said the auction floors this year due to COVIV-19 containment measures did not sell huge volumes of the crop.
More: The Herald