Zimbabwe has auctioned tobacco worth $1.1 million since the opening of the 2014 selling season last Wednesday. 

Around 517 762kg of the golden leaf went under the hammer at three licensed auctioneers on the opening day. 

Figures released by the Tobacco Industry and Marketing Board on Friday indicated that farmers who sold 194 301kg at Tobacco Sales Floor received $468 015 while others who sold their crop at Boka Tobacco Floors and Premier Tobacco Floors received $308 030 and $397 994 respectively. 

A total of 8 119 bales were laid the initial day compared to 3 047 last year while 7 411 bales were sold and only 708 were rejected for various reasons.

Tags: Tobacco,