Zim’s tobacco exports tumble

Source: Zim’s tobacco exports tumble – DailyNews Live

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
and gold.

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
prior year.

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.

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