Rich pickings for tobacco farmers

By Tendai Munengwa
TOBACCO contract sales have kicked off in Harare with the best quality golden leaf fetching high prices ranging between US$4.85 up to US$5.10 per kilogram.
The tobacco marketing season entered second week this Monday with contract sales at Ethical Leaf Tobacco attracting large volumes and high prices as higher as US$5 per kilogram.
“We are happy with the price being offered here at ELT, we are representing our colleagues in line with TIMB regulations, but prices are fair, we got from US$4.85 up-to US$5 which is good considering the first deliveries are prime, says one farmer representative from Chivhu,” said farmers
Ethical leaf tobacco operations manager Taurai Jemedze says the prices at the first sales were lucrative regardless that the golden leaf was sold in the absence of the farmers.
“We started on a good note, the volumes are good and the price are lucrative, they are likely to firm as the quality of the crop improves. the farmers are happy and we expect more them to deliver more as the season progress,” said Jemedze.
At Shasha contract sales progress well with the company’s administrator Martin Zinyama expressing satisfaction over the price which hit US$5.10 per kg.
“The contract sales have attracted good price here we sold over 200 bales but the price ranging from 4US$ to 5.10US$, which is a good start,’’ said Zinyama.
The opening of auction and contact Tobacco floors is expected to rake the much needed foreign with over 240 million kilogrammes expected to go under the hammer this season.