TOBACCO deliveries at the auction floors have increased by 66 percent as prices continue to firm, the Tobacco Industry and Marketing Board (TIMB) has said.
Latest TIMB statistics show that by day nine of sales, there was an increase in deliveries from 4,4 million kilogrammes valued at $9,7 million during the same period last year, to 7,3 million kg valued at $16,9 million.
Auction floors opened on March 30 this year.
The statistics also show that the average price has increased from $2,21 per kg last year to $2,32 per kg this year.
Since the opening of the marketing season, the volumes of the crop that has been rejected by buyers has also declined.
TIMB statistics indicate that 8 percent of tobacco has been rejected, a decline from the 15 percent that was rejected last year. Read More>
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