Zambia rakes in 22 million dollars from tobacco sale

About 22.5 million U.S. dollars was raised from the sale of 11,571 tons of tobacco on the Lusaka floors between March and September 7, Times of Zambia reported Friday.

According to sale records from the Tobacco Association of Zambia, six companies sold their tobacco at the Lusaka floors at an average price of 1.95 per kg.

The companies includes TAZ, Zambia Leaf Tobacco(ZLT), Tombwe, Alliance 1, Association Central and T L Brokers.

ZLT sold about 4.7 million kg of tobacco valued at 9.6 million dollars while TAZ sold 2.8 million kg valued at 5 million dollars.

Tombwe sold 2.1 million kg valued at 4.5 million dollars while Association Central sold 1.3 million kg worth 2.6 million dollars.

Alliance 1 sold 478,000 kg of tobacco worth 941,000 dollars and T L Brokers sold 44,000 kg of tobacco worth 77,000 dollars.

Source: Xinhua