Let’s rethink tobacco funding model

THE 2023 tobacco auction and marketing season officially closed on Monday, according to the Tobacco Industry and Marketing Board (TIMB).

However, the contract floors and delivery sites, which handle roughly 95% of the crop, will remain operational until all tobacco has been delivered.

According to TIMB statistics, 19,9 million kilogrammes of tobacco worth US$56,9 million had been sold through the auction floors as of July 27, 2023.

This story is for NewsDay subscribers.