06-24-20 by Spotlight Zimbabwe

Zimbabwe earns more than 221 mln USD from tobacco sales

HARARE — Zimbabwe said Tuesday that it has earned 221.32 million U.S. dollars after selling 95 million kg of tobacco leaf since the selling season opened on April 29.

In a trading update, the Tobacco Industry and Marketing Board said the sales were 40 percent higher than that in the last year, which stood at 158.07 million dollars.

The average price at auction and contract floors was 2.33 dollars per kg, higher than 1.79 dollars in the same period of last year.

Tobacco is Zimbabwe’s second largest foreign currency earner behind gold. The country sold 259 million kg of tobacco leaf worth more than 500 million dollars last year, up from 253 million kg in 2018.

 

Xinhua

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