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*Tobacco Sales Down 85%* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?hq Tobacco sales in the first 10 days of trading at the auction floors have declined sharply by 85%. The Tobacco Industry and Marketing Board (TIMB) statistics show that $2.8 million worth of tobacco had been sold in the first days. Last year $30.2 million worth of tobacco had been sold in the same period. Other stats: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- Only 1.6 million Kgs were delivered, compared to 10.9 million Kgs in the same period last year. Average price of $1,73 per kg compared to last year’s average of $2,77 per kg A tobacco company official spoke to the NewsDay: > Farmers are not in a hurry to sell. There is also inconsistent policy regarding access to and determination of 50% USD entitlement. Most contractors are yet to start receiving their tobacco. Many were waiting for the circular. Last week, government-controlled media claimed that sales were now up after an intervention by the finance minister Mthuli Ncube. *Related:* *Tobacco Sales Increase Slightly After Removal Of 2% Tax* *Warning Shots Fired On Errant Tobacco Merchants And Middlemen* *Mthuli, Shiri Called By Parliament To Explain Furore Over Tobacco Payments* More: NewsDay _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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