D-auction-floor Dictionary
Auction floor
A sales floor where tobacco bales are sold to the highest bidder
- Plain meaning
- A sales floor where tobacco bales are sold to the highest bidder
- How to use it
- Compare auction and contract prices before choosing a channel.
- South African benchmark
- South Africa's small tobacco sector sells mainly under contract rather than at auction (Article 121).
- Country notes
- Zimbabwe's auction floors averaged US$1.90 per kg in 2026.
- Calculate it
- T-M19-05 Market Price Comparator
- Library sources
- LIB-A019, LIB-P-Tobacco, LIB-P-Tobacco-IP
- See also
- Contract floor
Introduced in M19 Tobacco.