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*Tobacco Selling Season Ends On 31 July*

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The tobacco auction floors will be closed on 31 July, officially marking the end of the 2023 tobacco selling season, the Tobacco Industry and Marketing Board (TIMB) has said.

In a statement issued on Monday, 24 July, TIMB said final mop-up sales for the auction system would take place on 30 August. It said:

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> After consultations with all stakeholders, the Board wishes to advise that the official date of closure for the 2023 auction floors is 31 JULY.

> However, growers will still be able to sell their auction tobacco through a mop-up sale.

> The final auction clean-up sales will be held on Wednesday 30 August 2023.

TIMB said contract sales will continue to operate until such a time when individual contractors have fully received all their tobacco.

According to statistics released by TIMB on day 92 of sale, a total of 291.1 million kg of tobacco worth US$882.2 million had been sold at an average price of $3.03 per kilogramme.

Of the total volume of tobacco sold to date, 271.2 million kg were sold via the contract system while the remainder went under the hammer.

More: Pindula News

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