Home » Business » ’Golden Leaf’ Exports Up

Zimbabwe has so far exported 46,2 million kg of Virginia tobacco worth $212,7 million since the beginning of the year with the bulk of the tobacco destined for Belgium. Most of the tobacco that has been exported is from last year. Latest figures from the tobacco industry and Marketing Board show that Belgium, which recently overtook China and South Africa as the top importer of the country’s golden leaf, has so far imported about 14,07 million kg of tobacco worth $70,2 million at an average price of $4,99 per kg.

Apart from Belgium the top five importers of the golden leaf included United Arab Emirates which imported 5,6 million kg worth $161,1 million at $2,86 per kg followed by South Africa that bought 5,3 million kg for $23,6 million at $4,45 a kg, China which spent $23,2 million on 3,6 million kg at $6,32 a kg and Russia that bought 2,5 million kg for $8,8 million kg at $6,40 per kg.

During the same period last year South Africa was leading the importers’ list after buying 12,9 million kg worth $41,8 million at $3,23 per kg followed by Belgium with 7,8 million worth $37,7 million at $4,79 a kg, China 5,1 million kg worth $40,6 million at $7,97 a kg, UAE that purchased 4,1 million kg for $10,4 million at $2,52 per kg and Indonesia that bought 3,03 million kg for $11,2 million at $3,71 per kg.

Zimbabwe’s tobacco crop is highly regarded by most importers all over the world. Meanwhile the amount of tobacco delivered under both the auction and contract systems this season has increased to 213,2 million kg worth $676,2 million kg as the season continues to wind down to a close.

Purchases made by contractors this season, which are still continuing, have risen to 162,5 million kg at an average price of $3,32 per kg.

During the same period in 2013, about 162,2 million kg were sold at an average price of $3,76 per kg.

The current seasonal price has remained stagnant at $3,17 per kg compared to $3,69 per kg achieved last year in a parallel period.

TIMB said the number of active contractors who are still purchasing tobacco has dropped to four from 16.

Contractors are expected to finalise their purchases by the Thursday this week.

Source : The Herald

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