Maravi

(HERALD) 107m kg tobacco delivered

107m kg tobacco delivered
Friday, 01 June 2012 00:00
Agriculture Reporter

FLUE-cured tobacco deliveries have for the third successive season surpassed the 100 million kilogrammes mark, hitting 107 million-kg this marketing season. The auctioned tobacco fetched US$400m and was sold at an average price of US$3,76 per kg. This marks a 7,11 percent change from last season.

Last year, 99 million kg worth US$266m had been auctioned during the same period at an average price of US$2,67 per kg. So far a total of 1 378 190 bales have been laid, while 1 306 687 bales have been sold with the remaining 58 167 bales getting rejected.

On the other hand, during the 2011 tobacco selling season a total of 1 307 285 bales had been laid with 1 217 714 getting sold, while 89 571 bales were rejected during the same period.

The average bale weight for both seasons has remained at 82 kg.
The four auction floors have so far sold 43 million kg of tobacco worth US$159m.
The average price was US$3,65 per kg.

They have all laid 651 453 bales, sold 600 707 bales and rejected 37 410 bales in the process. The average bale weight was 72kg.

Contract sales have so far accounted for 63 million kg of tobacco with a value of US$242m. The average price was US$3,83 per kg.

The contract floors have laid a total of 726 737 bales and sold 705 980 bales while another 20 757 bales were rejected.

ALSO SEE

* Land reform has potential to change lives: UN rights chief

* Cattle buying scheme launched

* Government, cotton farmers deadlocked

Tobacco Sales Floor has so far sold 15 million kg of tobacco valued at US$54m. TSF’s average price was US$3,69 per kg.
TSF has laid 216 418 bales and sold 197 792 bales with 18 626 bales being rejected. The average bale weight was 74kg.
Boka Tobacco Floors have sold 13 million kg of the golden leaf with a value of US$47m.

The average price was US$3,58 per kg.
BTF laid a total of 200 522 bales and auctioned 187 186 bales, while the remaining 13 336 bales were rejected.

The average bale weight was 71kg.
Millennium Tobacco Floors have on the other hand sold 8 million kg of tobacco with a value of US$28m. Their average price was US$3,66 per kg.
MTF laid 111 767 bales and sold 104 083 bales while 7 684 bales were rejected. Their average bale weight was 73kg.

Premier Tobacco Floors have like their counterparts, MTF sold 8 million kg of the golden leaf with a value of US$28m. PTF’s average price was US$3,67 per kg.
PTF laid 122 746 bales and auctioned a total of 111 646 bales while 11 100 bales were rejected. Their average bale weight was 73kg.

Tobacco volumes to all floors have been steadily declining, something attributed to the smooth flow of business at the opening of the season, which allowed most farmers to deliver their tobacco without hassles.

The country expects at least 150 million-kg of the golden leaf this season.

Labels: TOBACCO

posted by MrK @ 4:10 AM