Flue-cured tobacco prices plummet in Zimbabwe

As of Thursday, Zimbabwe’s tobacco growers had sold 25.7 million kg of flue-cured for US$67.4 million, according to a New Zimbabwe story.

At the same stage of last season, they had sold 28.7 million kg for US$88.1 million.

The volume had dropped by 10.4 percent and the return to growers had gone down by 23.5 percent.

In the opening week of this year’s sales, growers rioted at the auction floors with prices running at between US$0.10 and US$3.10 per kg.