Tobacco prices pick up as quality leaf arrive at auction floors

Officials from auction floors say tobacco prices have now picked up after weeks of stormy sales following low prices and high rejection rate.

Good tobacco prices
Good tobacco prices

Albert Changaya of Tobacco Control Commission attributed the better tobacco prices to good leaf that has started arriving at auction floors.

“Farmers have stopped bringing stems, they are now bringing quality top leaf that is attracting good prices so all is well now,” said Changaya.

He however said burley is facing problems due to over production.

“Our team will be going out soon for the last assessment of how much was grown and how much has been sold so that we find out how much is remaining. We do three assessments and this is the last one,” said Changaya.

He said flu cured tobacco is doing well on the market.

This year there are nine tobacco buyers on the market down from 11 last year after Nyasa Manufacturers, sponsors of Nyasa Bullets pulled out of the market to concenrate on cigarette manufacturing along with an Egyptian company.

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