Zimbabwe’s flue-cured prices down by 6.9 percent

Zimbabwe’s flue-cured tobacco growers are expected to deliver more than the previously-expected 165 million kg this season, according to a story in The Herald yesterday.

However, prices, as expected, have remained below those of last season.

The Herald story said that growers had so far this season sold 160 million kg of flue-cured for US$473.983 million: for an average price of US$2.96 per kg.

At the same point of last season, 177 million kg of flue-cured had been sold for $564 million: for an average price of $3.18 per kg.

Tobacco Industry and Marketing Board chief executive Dr. Andrew Matibiri was said to have described this year’s average price as being close to that of last year, but it is 6.9 percent down.