Tobacco sales rake in US$574m

ZIMBABWE has realised a total of US$574,4 million so far from the sale of tobacco, but farmers claim they have received next to nothing in return.

According to the auction and contract tobacco seasonal sales figures from the Tobacco Industry Marketing Board (TIMB) for day 45, the nation has generated US$574,4 million from sales of the golden leaf, a 48,38% increase over records for the same period last year.

Contract sales made up US$531,5 million of the total, while the auction brought in US$42,9 million.

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