Farmers waiting for Tobacco Auction Floors to Open
The tobacco selling season for Zimbabwe has started today, something the government and the Reserve Bank of Zimbabwe will be happy about as the sale of tobacco is expected to generate much needed foreign currency. Last year, tobacco earned $1 billion dollars in export revenue receipts ahead of platinum and gold. The floors will be opened today for general sellers while contract farmers will start selling tomorrow.
Th highest selling price as of 11am was $4.65/kg with $3.60 being the lowest.
Picture credit: Haru Mutasa