Tobacco exports reach $615m Stakeholders in the tobacco sector have attributed the increase in the number of tobacco growers to favourable prices offered during this year’s marketing season on the auction floors, which set the prices, and by the contractors, who fund the bulk of the crop. 

Audrey Rundofa Herald Reporter
Zimbabwe has so far exported 135 million kilogrammes of semi processed flue-cured tobacco worth $615 million to various countries, with China being the top buyer. Statistics released by the Tobacco Industry and Marketing Board (TIMB) show a decrease in prices compared to last year, which registered 125 million kilogrammes worth $683 million.TIMB statistics show that China, South Africa, Belgium, Indonesia and United Arab Emirates are among the top buyers of the flue-cured tobacco that is being bought at an average price of $4,54. China remains the top buyer for local tobacco after buying 93 million kilogrammes worth $255,7 million at an average price of $7,76 per kg. South Africa is in second position on the list importing 19 million kg worth $57 million.

 

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