92 million kgs of tobacco sold

A total of 92,6 million kgs of tobacco valued at US$362,1 million has been sold this year since auction floors opened in February according to figures released by the Tobacco Industry and Marketing Board (TIMB) today.

Of the 92,6 million kgs, 55,9 million was sold through the auction system while the remainder of 40,3 million was sold under individual sales.

TSF has sold the highest amont of tobacco under individual sales amounting to 13,4 million worth US$49,8 million followed by Boka Tobacco Floors with 12,4 million kg worth US$44,6 million and Millennium Tobacco Floors has sold the least amount of tobacco so far at 6,9 million kg worth US$25,5 million.

TSF had the highest average price of US$3,71 per kg followed by Premier Tobacco Floors at US$3,68 per kg, Millennium Tobacco Floors at US$3,67 per kg and Boka Tobacco Floors at US$3,35.

A total of 150 million kg of tobacco is expected to be delivered to the auction floors.

During the period under review tobacco prices have continued to remain firm at the auction floors hovering abve US$3 per kg despite decline in deliveries in recent days.

According to TIMB season average price was US$3,76 per kg, which is 41% higher than the US$2,67 per kg that was recorded during the same period last year.

In terms of the auction floors, Tobacco Sales Floors has the highest seasonal average of US$3,71 per kg followed by Premier Tobacco Floors with an average of US$3,68 per kg, Millennium Tobacco Floors US$3,67 per kg and Boka Tobacco Floors US$3,59 per kg.

Post published in: Agriculture

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