12 °c
London
Monday, August 15, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Economy

Zimbabwe rakes in US$415M in tobacco sales, a 40% increase over last year

Staff by Staff
June 22, 2021
in Africa, Agriculture, Economy, Export, Farming, Tobacco, Zimbabwe
Reading Time: 1 min read
783 41
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Tobacco farmers in Zimbabwe have so far sold more than 150 million kg of the golden leaf worth about 415 million U.S. dollars two months after the tobacco marketing season commenced.

This represents a 40 percent increase in the volume of tobacco sold over the same period last year.

A total of 136,218 bales of tobacco have so far been sold via the auction floors while 1,880,326 bales have been sold through contract floors, state-run Herald newspaper reported Friday.

The tobacco marketing season normally starts in March and ends in August.

Also read: Zimbabwe: Tobacco prices continue to firm

According to estimates, about 200 million kg of tobacco will be sold this season.

Tobacco is Zimbabwe’s second foreign currency earner after gold, with China and South Africa being the major buyers of the golden leaf.

The crop is mainly produced through the contract system where buyers provide the farmers with the inputs for tobacco farming, thereby reducing the capital required to run a tobacco farming business.

Related

Via: CGTN Africa
Tags: agricultural exportagricultureexporttobaccozimbabweZimbabwe rakes in US$415M in tobacco salesзимбабвеزيمبابويジンバブエ津巴布韦
ScanSendShare330Tweet206Share58Pin74Send
Staff

Staff

Related Posts

Agriculture

Largest fertiliser-producing countries in Africa and their output

by The Exchange
August 15, 2022
Financial Inclusion

The role of the youth in driving financial inclusion in Africa

by Emmanuel Chilamphuma
August 15, 2022
Energy

Zambia and Tanzania agree to revamp TAZARA, expand TAZAMA pipeline

by The Exchange
August 15, 2022
IMF, World Bank say Africa to get US$57B from official creditors in 2020
Finance

HAVAÍC backs FinAccess

by Africa Global Funds
August 15, 2022
Trade

Ethiopia expects US$1.8B revenue from coffee export this year

by FurtherAfrica
August 15, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Agriculture

Largest fertiliser-producing countries in Africa and their output

by The Exchange
August 15, 2022
0

Morocco tops the list of the largest-fertiliser producing countries in Africa. Other countries on the list are Egypt and Algeria....

Read more

The role of the youth in driving financial inclusion in Africa

August 15, 2022

Zambia and Tanzania agree to revamp TAZARA, expand TAZAMA pipeline

August 15, 2022
IMF, World Bank say Africa to get US$57B from official creditors in 2020

HAVAÍC backs FinAccess

August 15, 2022

Ethiopia expects US$1.8B revenue from coffee export this year

August 15, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,379 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?