Advertisements WEAKER than expected tobacco auction floor prices have dampened farmers’ hopes of translating this season’s high output into meaningful earnings.Advertisements Experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said this week that increased global supply, subdued demand, limited buyer competition…
Global glut suffocates growers of green gold
In a statement released at the weekend, the Tobacco Industry and Marketing Board (TIMB) said more tobacco had been sold this season than last year, but the total market value is lower.