- Published on 04 September 2017
Zimbabwe’s tobacco export earnings have risen 13 percent to $380,6 million from $334,8 million, but the average price has since come off marginally.
Statistics from the Tobacco Industry Marketing Board’s Week 35 Bulletin for the week ending September 1 show that China accounted for over 18,6 million kgs valued at US$148,8 million while South Africa bought 12,1 million kgs for $32,5 million. With an estimated 350 million smokers, China has been spending over $200 million per annum on Zimbabwean tobacco. Part of the TIMB bulletin reads, “As of September 1, 2017, 87,5 million kilogrammes were exported to more than 57 countries, generating $380,6 million into the local economy. Russia has purchased 3,3 million kg worth $10,6 million at an average price of $3,22 per kg. Other buyers include the United Arab Emirates, Bulgaria, Vietnam, Hong Kong, France, The Netherlands, Germany, Sudan and Tanzania. (Herald)