There are upward changes in the 2023 tobacco selling season, from volumes to prices, a recent sales report shows.
At the end of Week 3 of the selling season on Friday, April 28, the industry recorded a 2,037% change in the volumes of tobacco sold this year over volumes in the same period last year. By Week 3 this year, 13.8 million kilogrammes of tobacco valued at 28 million US dollars had been sold.
During the same period last year, only 600 thousand kilogrammes of tobacco valued at 960 thousand US dollars had been sold.
Prices are going up as well. By Week 3 this year, the average price per kilogramme went up by 38% when compared to last year’s in the same period. As of Friday, the average price of tobacco was $2.00 per kilogramme while last year, at the end of Week 3, the average price was $1.49.
The rejection rate this far remains at almost 0%.