Price reductions continuing

The Tobacco Association of Zambia (TAZ) says that the ‘continued reduction’ in tobacco prices has negatively affected the growth of the sector, according to a story in The Zambia Daily Mail.
During the past three years, the TAZ was quoted as saying, tobacco prices had been declining, with flue-cured Virginia and Burley averaging US$2.50 per kg and US$1.90 per kg respectively this year.
This year’s marketing season started in the third week of April.
In its annual report, TAZ says the decline in the price of tobacco had led to the sector becoming less profitable.