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Labrish
Nyuuz
Tobacco prices rise as merchants secure bank credit
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[QUOTE="Queen, post: 88429, member: 27"] Tobacco prices are creeping upward on Zimbabwe's auction and contract floors after merchants finally locked down their bank credit lines. TIMB on the price uptick [LIST] [*]TIMB boss Emmanuel Matsvaire credited more merchant activity. [*]Buyers stalled initially over unfinished bank deals. [*]Participation picked up roughly a week post-opening. [/LIST] Auction floor numbers [LIST] [*]Average auction prices climbed to US$1.69 per kilogram. [*]The starting point was US$1.60 per kilogram on day one. [/LIST] Contract floor numbers [LIST] [*]Contract prices bumped up to US$2.78 per kilogram. [*]They kicked off at US$2.64 per kilogram initially. [/LIST] Still trailing last year [LIST] [*]Prices sit roughly 24% below 2025's same-period mark. [*]Zimbabwe runs a dual auction-and-contract marketing setup. [/LIST] [/QUOTE]
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Labrish
Nyuuz
Tobacco prices rise as merchants secure bank credit
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