tobacco graded 17.02.2011.jpgOver US$200 million have so far been realised from tobacco sales and expectations are high that the country can hit US$700 million target by the end of this marketing season.

TIMB spokesperson Isheunesu Moyo says the US$206 million achieved so far translates to about 26 percent increase in sales as compared to the same period last year.

Of the over US$200 million achieved so far which translate to a quarter of the expected value of the gold leaf, contract sales account for 80 percent while 20 percent has been sold at the auction floors.