Zimbabwe tobacco sales up

Source: Zimbabwe tobacco sales up – DailyNews Live

STAFF WRITER      7 June 2018

HARARE – Zimbabwean farmers sold 167,14 million kg of the nation’s top
export earner, tobacco, by Day 49 of the selling season, which is 20
percent shy of a current season target of 200 million kg, official data
showed yesterday.

Compared to the same period last year, the volumes outturn is 19,9 percent
up. At the same time last year a total of 139,4 million kg of tobacco had
been sold.

Statistics from industry regulator Tobacco Industry and Marketing Board
(TIMB) showed that farmers had sold tobacco worth $483,7 million at the
country’s auctions and to official tobacco buyers since the selling season
started in March.

The growth in revenue was as a result of both a surge in volumes and
average selling price.

The average selling price has gone up by 0,72 percent from last year.

Zimbabwe expects to produce 200 million kg of tobacco in 2017/18 up from
186 million kg produced in 2016/17 season, an eight percent envisaged

The projection is premised on favourable weather, increased funding and
support as well as improved hectarage under tobacco.