Home » Education » ZIMBABWE’S TOBACCO EXPORTS REACH 735 MLN USD SO FAR THIS SEASON

Zimbabwe has so far exported 133 million kilogrammes of flue-cured tobacco valued at 735.9 million US dollars during the current sales season, according to the latest statistics from the industry regulator.

Figures from the Tobacco Industry and Marketing Board (TIMB) for the week ended Nov 18 show that the exports had increased to 735.9 million USD compared with 718.9 million USD at the same

stage last year.

China remains the top destination for Zimbabwean tobacco, buying 52.3 million kg of the golden leaf valued at 425.5 million USD. The average sale price for the tobacco stood at 5.53 USD per kg.

Of the 62 buyers, China, Belgium, South Africa and Indonesia have been the major buyers of the flue cured tobacco. South Africa topped the buyer's list in Africa, buying 19.8 million kg valued at 58 million USD.

The other bulk exports went to Belgium which imported 15.3 million kg valued at 73.6 million USD while exports to Indonesia were 5.2 million kg valued at 25.4 million USD.

The United Arab Emirates (UAE) bought 7.5 million kg valued at 16.6 million USD, Russia 9.9 million kg valued at 14.1 million USD and Sudan 4.2 million kg valued at 15 million USD.

Meanwhile, the TIMB said the number of farmers who have registered to plant tobacco during the 2016/17 farming season has increased by 5.0 per cent to 72,880 comparedwith last year.

Source: NAM NEWS NETWORK

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