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Monday, April 30, 2018

Tobacco Fetches K13bn in Two Weeks

Tobacco Fetches K13bn in Two Weeks: "Tobacco has fetched over $17, 979, 266 (equivalent to K13.3 billion) in the first two weeks since the opening of markets this season.

The official figures provided by Auction Holdings Limited indicate that as of Friday 20th April 2018, over 12 million kilograms of tobacco had been sold at an average price of $1.42 per kilogram.

AHL Corporate Affairs Manager Mark Ndipita says the results indicate that the market is performing better this year than last season when during the same period only $6, 056,929 dollars was realized from 3, 750 000 kilograms of tobacco at an average price of $1.61 per kilogram.

Ndipita told Zodiak Online that over 3, 000, 000 kilo of auction burley worth over $3, 579, 377 was sold at an average price of $1.19."



'via Blog this'

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