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It would also mean these same manufacturers will lose their competitive edge on the international market when selling cigars, cigarettes or other tobacco products made primarily from American tobacco.

British American Tobacco Zimbabwe Holdings Ltd. Annual stock financials by MarketWatch. View the latest BAT financial statements, income statements and financial ratios.

Tobacco Farmers Union Trust (TFUT) president Mr Edward Dune expressed skepticism over the significance of the trend, warning that the high auction prices may not represent a genuine market shift.

Oceania, though a smaller market, paid the highest average price per kg at US$8.45 for 28,560 kg of tobacco worth US$241,332.

Tobacco prices have fallen by an average of US 14 cents in the wake of a new pricing structure growers say. The new tobacco marketing season opened with prices ranging from US$1,59 per kilogramme ...