Zimbabwe: Record Prices As Tobacco Season Opens

(allAfrica.com) The tobacco selling season opened with good prospects for higher prices this year after prices hit US$4,99 per kg on the first day of trading last week, with the first bale having sold for US$4,70 per kg, up from US$4,45 per kg fetched by the first bale to go under the hammer last year. Prices for the rest of the crop ranged from US$4,10 to US$4,56 although some of the bales sold for as little as US$1,35 per kg.
The first marketing week at both auction and contract sales ended with the crop selling at an average of US$3,33 per kg, up from last season's price of US$2,73. Continued