Tobacco generates $527m

ZIMBABWE’S tobacco earnings for the 76 days of the selling season increased by 24% to $527 million compared to the same period last year driven by increased deliveries, official figures have shown.

Business Reporter

Statistics availed by the Tobacco Industry and Marketing Board show that during the period under review, a total of 142,5 million kilogrammes (kg) of tobacco were sold indicating a 25,44% increase from 113,6 million kg in 2012.

The golden leaf was being sold at an average of $3,70 per kg from the three tobacco auction floors in the country that includes Tobacco Sales Floor, Boka Auction Floors and Premier Auction Floors.

The country is expected to raise $700million through the sale of tobacco and a total output of 170 million kg is projected.

TIMB said in the period under review a total of 1 850 029 bales were sold while
1 950 217 bales were laid.

TIMB figures also showed that 143 450kg of burley tobacco has been sold earning the country $214 054. The crop was being sold at an average price of $1,50 per kg.

A total of 28,4 million kg of flue-cured tobacco was exported in May earning the country a total of $104,8 million.

The major destinations of the crop were South Africa, United Arab Emirates, Belgium and China at an average price $3,69 per kg.

Meanwhile, Zimbabwe is hosting the International Tobacco Growers Association (ITGA) Africa Regional meeting this week in Harare that will discuss issues on developing contact between tobacco growers around the world and sharing of non-competitive information about the crop with its members.

The meeting will also elaborate on strategies to stabilise supply and prices.
The meeting was held in Lusaka last year and regional country members include Kenya, Malawi, South Africa, Tanzania, Zambia and Zimbabwe.

In his 2013 budget presentation Fiinance Minister Tendai Biti said agriculture was projected to grow by 6,4% and this will be supported by credit facilities to farmers and continued contract farming arrangements for major crops.

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18 Responses to Tobacco generates $527m

  1. Tambaoga June 6, 2013 at 7:09 am #

    He is saving for the fourth wife. akafonyorwa pfungwa nepakati.

  2. diva June 6, 2013 at 7:59 am #

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    • WELELE June 6, 2013 at 11:41 pm #

      Don’t waste your time talking politics when others are enjoying their lives with money without politics. See how this Zimbabwean poor woman became a millionaire just by buying and selling accidented cars, Very interesting idea. Go to (ACCIDENTEDCARS.COM) to see the various methods and companies that she was using (ACCIDENTEDCARS.COM). A very simple idea but very powerful. WAKE UP AFRICANS

  3. peter chitovah June 6, 2013 at 9:11 am #

    ANY COMMENTS ON LAND REFORM PERFOMANCE TRENDS????

  4. divadola June 6, 2013 at 9:29 am #

    So was land reform a success or a failure? Someone from the MDCs please comment!!!

    • true son of the soil June 6, 2013 at 1:05 pm #

      IT WAS A FAILURE.

      VOTE MORGAN TSVANGIRAI FOR PRESIDENT

  5. kkk June 6, 2013 at 9:49 am #

    its a failure divadola simply becoz right now you’re busy importing maize from Zambia. We do not have food to eat in the country right now, only relying on imports from Zambia and SA. We need to look beyond tobacco my brother. If you read you paper yesterday, you will note that there in no wheat for our bread this yr since no one is planting it yet you need to eat bread, pizza etc. We have a long way to go my brother in terms of agriculture. Yes tobacco, we are doing well i agree.

  6. Lucifer June 6, 2013 at 9:51 am #

    Vanhu veMDC-T maiti kuri kurimwa sora muma purazi hezvo nhasi Biti chaiye ayiramba kupa varimi mari. Nhasi ndiye aakutaura kuti agriculture iri kutarisirwa kukwira ne6.4% mwaka uno. Ivhu kuvatema kurima fodya kana kurima sora, hazvina basa chero ivhu racho raamumaoko emwana weZimbabwe, munhu mutema, aneganda dema, achiera mbizi achibva kwachiHota. Kwete zvenyu zvekuchemera varungu, murungu chake yakanga iri mari chete, asi basa rose tisu taiita iye ari kuHingirandi ozouya zvake aakutora mari dzake. Saka regai tizviitere toga nekuti tinozvigona. Pamberi nekurima! Pasi nevarungu! Pasi neMDC-T! Icho!!!

  7. mac June 6, 2013 at 1:22 pm #

    Land Reform Programme successes are starting to be realised. No amount of chiccanery can hide that fact.

  8. muchinyarawo June 6, 2013 at 1:31 pm #

    @ Lucifer, wabaya dede nemukanwa mwana wamai. Pamberi nesu maZimbo. Ungazodei vaMugabe vari panyanga? Vote ZANU pf kuti utambarare serunyemba. Icho!

  9. WELELE June 6, 2013 at 11:26 pm #

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  10. tafadzwa June 7, 2013 at 8:49 am #

    Pamberi nesu maZimbo. Ungazodei vaMugabe vari panyanga? Vote ZANU pf kuti utambarare serunyemba. Pamberi nesu maZimbo

  11. MUNYA June 7, 2013 at 9:16 am #

    land reform a success pliz fund these farmers so that our earnings can reach $1billion.

  12. Mutirowafanza June 7, 2013 at 11:31 am #

    The land reform was a total failure. People dont eat tobacco.

  13. RHODESIAN INDUNA June 8, 2013 at 7:53 pm #

    ivhu kumhu mutema vaMugabe woye ….woye .31 july muhofisi,pasi naTsvangson,baba jukwa nezvimwevo zvimbwa sungata.

  14. Tsvetsva yapinda June 9, 2013 at 1:18 am #

    My mother told mi not to smoke but never said dont plant and supply the demand!!!…

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