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Tobacco earnings up 38%

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The country’s green gold, tobacco has, so far, earned $125 million in foreign exchange for the past ten weeks the market has been running.

According to regulatory body, Tobacco Control Commission (TCC) statistics, the market has earned 38 percent more than what was sold during the same time last year.

So far, 65.1 million kilogrammes of tobacco have gone through the auction against 61 million kilogrammes recorded last year, representing a seven percent increase.

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The average price currently stands at $1.91 per kilogramme against $1.47 per kilogramme during the same period last year.

During the ten weeks, burley tobacco has earned $84.4 million from a total volume of 50.1 million kilogrammes against last year’s $70.2 million.

The average price for burley stands at $1.68 per kilogramme, which represents a 27 percent increase.

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Flue cured tobacco has earned $36 million as compared to $18 million earned same during the same period last year.

The average price for flue is currently at $2.81 per kilogramme, representing an increase of 13 percent.

TCC Acting Chief Executive Officer David Luka said the market is progressing well without any disruptions.

He said growers are now bringing in upper leaf which is of high quality.

“The market is progressing well without any stoppage which signifies that both the buyers and sellers are satisfied with what they are getting. The quality has also improved, even though we have some cases of mixed bales her

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