BUSINESS WRITER 13 July 2017
HARARE – Zimbabwe’s tobacco export earnings tumbled two percent to $266
million by July 7 on lower prices and demand, an industry official said.
Tobacco is Zimbabwe’s single largest export commodity, ahead of platinum
Andrew Matibiri, general manager at Tobacco Industry and Marketing Board
said Zimbabwe – which exports 90 percent of its tobacco – sold 172 million
kg, which is 3,6 percent lower compared to 178 million kg received in
Average price per kg stood at $2,94 which is 0,3 percent lower compared to
the prior year. In 2015 the average price per kg stood at $2,73 down from
$3,11 in 2014.