Tobacco market registering positive progress

Tobacco sales in the first five weeks of the market have managed to realize slightly more revenue this year as compared to the same period last year.

According to an AHL Tobacco statistics release at the end of the fifth week of tobacco sales, the green gold leaf managed to rake in 50.6 Million US dollars or K40.2 billion.

This is slightly more than that of last year during the same period when the country generated 39.4 million dollars which translates to K31.3 billion.

This can be attributed to more tobacco being shifted on the market so far as 30.3 million kilograms but also better average selling prices.

YFM caught up with TAMA Farmers Trust to find out their take on the progress of this year’s market.

TAMA Farmer Trust Chief Executive Officer (CEO), Nixon Lita, said this a positive development which has the potential to assist farmers in various ways if the trend continues.

However, he feels there is still room for improvement on the market especially on the auction market.

“It is possible to do much better than where we are especially if we get some improvements on auction tobacco,” said Lita

Despite tobacco facing various challenges such as the Covid-19 pandemic it seems to be picking up as there is healthy competition on the market.

Leave a Reply

Your email address will not be published. Required fields are marked *