The final consolidated figures for this year\u2019s tobacco earnings have been pegged at $212 million, according to statistics released by regulatory body Tobacco Control Commission (TCC).<\/p>\n
The earnings surpass last year\u2019s by 23 percent.<\/p>\n
Last year, the green gold fetched $276 million from a total volume of 195 million kilogrammes, whilst this year 107 million kilogrammes went through the auction.<\/p>\n
This represents a 45 percent increase in terms of volumes sold.<\/p>\n
The average price for this year was $1.99 which was better as compared to last year\u2019s $1.41 per kilogramme.<\/p>\n
From the $212 million, flue cured tobacco contributed $61 million, 19 percent up against last year\u2019s $45 million.<\/p>\n
Burley tobacco fetched $144 million from 81 million kilogrammes as compared to last year\u2019s earnings of $226 million from a total volume of 175 million kilogrammes.<\/p>\n
TCC Acting Chief Executive Officer, David Luka, said the earnings are better this year as compared to last year.<\/p>\n
\u201cWhen you look at the figures, especially the volumes, you will see that, last year, the volumes were higher but the prices were a bit low. This year, we had low volumes and better prices, which we feel is the way to go,\u201d he said.<\/p>\n
Luka said they will strive to make sure that growers abide by the quotas allocated to them to avoid issues of over-production.<\/p>\n
He said, over the years, tobacco prices have been affected due to over-production.<\/p>\n
\u201cThis season, we will also closely monitor the growers in terms of the quotas allocated to them. What we would like to see is the grower benefiting from his\/her sweat,\u201d Luka said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The final consolidated figures for this year\u2019s tobacco earnings have been pegged at $212 million, according to statistics released by regulatory body Tobacco Control Commission (TCC). The earnings surpass last year\u2019s by 23 percent. Last year, the green gold fetched $276 million from a total volume of 195 million kilogrammes, whilst this year 107 million […]<\/p>\n","protected":false},"author":3,"featured_media":50874,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-52727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/52727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=52727"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/52727\/revisions"}],"predecessor-version":[{"id":52731,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/52727\/revisions\/52731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/50874"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=52727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=52727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=52727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}