THE Tobacco Industry and Marketing (TIMB) yesterday said farmers have earned US$132,6 million from sales of 45,23 million kilogrammes of tobacco since the opening of the marketing season on March 31.
The average price at the auction floors is US$2,93 per kilogramme while contract floors have registered an average price of US$2,63 per kg.
Auction and contract tobacco seasonal sales statistics show that by day 20, the total number of bales sold were 616 302. Prices of tobacco have however, continued to firm.
The highest price at the auction floor was US$6,50 per kilogramme recorded at the contract floors while the usual US$4,99 per kilogramme has continued to prevail at the auction floors.