tobacco selling 2011.jpgTobacco prices have gone up with farmers who have so far delivered their crop to the auction floors expressing satisfaction at the manner in which business is currently being conducted.

About 2,8 million kilogrammes of tobacco valued at US$10, 3 million have so far been sold at the country’s auction floors.

Nearly 1,97 million kilogrammes have been sold under the contract system, while the four auction floors account for  914 311 kilogrammes.

The crop is being sold at an average price of US$3,70.

The prices of the crop continue to go up with the highest price so far reaching US$5,20 while the lowest grade the crop was sold at US$1,70.

The prices have been described as favourable by farmers as compared to that of last year.

“We are happy with the current price, it is really satisfactory. We are also happy with the way business is being conducted, there are no queues and transactions are faster as compared to last season” said one farmer.

Boka Auction Floors Public Relations Officer, Mr Alex Vokoto commended tobacco farmers whom he said are heeding calls by the Tobacco Industry and Marketing Board (TIMB) to deliver their crop after booking.

“Farmers are bringing in booked tobacco and we are able to handle them using the deliver-today-sale-tomorrow system,” said Mr Vokoto.

At least 150 million kilogrammes of the golden leaf are expected to go under the hammer this season.