Home » Business » ZIMBABWE HAS SO FAR EXPORTED 363 MLN USD WORTH OF TOBACCO IN CURRENT SEASON

HARARE, Zimbabwe has so far exported 82.777.372 million kilogrammes of tobacco worth 363.31 million USc dollars so far this current sales season, down from 320.37 million USD recorded in the same period last year, according to the latest statistics from the industry regulator.

Tobacco is the country's single largest export commodity, ahead of platinum and gold. In its 34th report for the week ended last Friday, the Tobacco Industry Marketing Board (TIMB) said exports continued to rise, increasing by 42.9 million USD.

Asian giant China remained the top buyer with purchases of 7.534.608 million kg valued at 140.47 million USD at a favourable price of 8.01 USD per kg. The TIMB said out of the 58 buyers present at the tobacco sales here, China, South Africa, Belgium, the United Arab Emirates (UAE) and Indonesia had been the regular major buyers of flue-cured tobacco.

South Africa tops the list of buyers in Africa, buying 11.094 million kg of tobacco valued at 31.57 million USD while Egypt was

second after it imported 3.748 million kg of the crop valued at 12.51 million USD.

Meanwhile, the TIMB said at least 22,653 farmers have registered to grow tobacco for the first time during the 2017/18 cropping season, with the bulk of them coming from Mashonaland Central Province.

Many communal farmers have been abandoning other cash crops such as cotton for tobacco because of the organized marketing and favourable prices.

Source: NAM NEWS NETWORK

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