Categories: Zim Latest

Zimbabwe targets US$1,6bn from tobacco exports

Zimbabwe has so far exported over 210 million kilogrammes of tobacco worth over US$1 billion.

According to Zimbabwe Economic Review, more than two thirds of the tobacco, since the start of the marketing season exported and it is believed that US$1,6 billion exports can be met.

Apparently, US$900 million was realised in the 2022 season.

Statistics from the Tobacco Industry and Marketing Board indicate that with about 99 million kg of tobacco worth US$706m at an average price of US$7,16/kg the Far East remains the largest single market with the average price showing that it takes the largest share of the best quality leaf.

About 38 million kg valued at US$130 million was exported in Africa at an average price of US$3,45/kg.

Nearly 34 million kg of tobacco valued at US$148 million was exported to the European Union at an average price of US$4,34/kg. Another 28 million kg worth US$73 million went to the Middle East at an average price of US$2,57/kg.

Share

Recent Posts

Our teachers were ‘poorly’ trained to administer CALA, gvt

The Minister of Primary and Secondary Education Torerai Moyo has explained the rationale behind revising… Read More

29th February 2024

Hwindi killed in $3 sex game gone wrong with passenger

A 37-YEAR-OLD tout from Birchenough Bridge died during sex with a passenger who did not… Read More

29th February 2024

The thrill of the chase: Sports betting in Ethiopia

Sports betting in Ethiopia is more than a pastime—it's a passion that captures the essence… Read More

29th February 2024

ZBC CEO suspended

The Board of Directors of the Zimbabwe Broadcasting Corporation has suspended the corporation’s Chief Executive… Read More

28th February 2024

Gvt tells journalists how to report on Gukurahundi hearings

The government through the Zimbabwe Media Commission (ZMC) has produced the "Gukurahundi Code of Conduct… Read More

28th February 2024

Virtual court hearings unconstitutional, Zim not ready for paperless court sessions- PLC report

In August last year the High Court Rules were amended by SI 153/2023 to allow… Read More

28th February 2024