Tobacco increase

The Tobacco Industrial and Marketing Board says an estimated 120,000 hectares of land will be put under tobacco after this year’s sales totalled 144 million kg, raking in $526 million at an average price of $3,66 per kg, against last season’s sales of 131,9 million kg generating $360,9 million at $2,74 per kg.

An increase of between 15-20 percent of tobacco seed sales has been sold this season with 5,000 hectares of land already under seed, which should produce about 160 million kg.

TIMB said the industry was prepared for high volumes of tobacco after six other suppliers of tobacco wrapping material were licensed to avoid shortages that occurred last season.

No shortage of the packaging material was reported this season. But, the booking system put in place to reduce congestion at the auction floors was not as effective, as growers continued to bring their tobacco without registering.

Post published in: Agriculture

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