|Flue-cured tobacco exports earn US$95m|
|Thursday, 07 June 2012 00:00|
by South Africa.
According to the latest Tobacco Industry and Marketing Board weekly report, China has so far imported 3,9 million kg of the flue-cured tobacco worth US$26,5 million at an average price of US$6,79 per kg.
Indonesia bought 2,6 million kg of the golden leaf valued at US$14 million while UK imported 2,3 million kg worth US$11,8 million and Mauritius got 2 million kg valued at US$3,6 million.
Other countries consuming tobacco from Zimbabwe include Belgium, the United Arab Emirates, Netherlands, Vietnam, Denmark, Bulgaria, Germany and Ireland.
Netherlands and the Philippines were both offering US$6,62 per kg. Zimbabwe exports semi-processed tobacco to different destinations. The crop is popular for its high quality and competitive flavour.
Meanwhile, tobacco deliveries at the auction floors have continued to decline. As of Week 16 a total of 110 million kg had been sold at an average price of US$3,75 per kg.
Auction and contract sales have contributed 44,4 million kg and 65,6 million kg respectively.
Normally tobacco prices are expected to increase as the quality of the leaf improves.