TOBACCO exports have raked in $317 million as at August 2016 with the bulk going to China according to latest statistics from the Tobacco Industry and Marketing Board (TIMB).
BY TARISAI MANDIZHA
During the same period last year, tobacco worth $347 million was sold.
In 2016, seasonal exports increased to 62,3 million kilogrammes at an average price of $5,09 compared to last year’s 65,6 million kg at an average price of $5,29 per kg.
The value of the crop exported to China was $174 375 805 at an average price of $8 per kg. South Africa was the second highest buyer, purchasing 11 000 326 of the golden leaf valued at $30 767 792. The average price was $2.80.
According to statistics from the TIMB, of the total exports 21 804 592 kg of the golden leaf had been shipped to China.
Belgium was the third after buying 4 990 290kg of tobacco worth $23 312 497 at an average price of $4,67 per kg. During the same period last year, China was leading after buying 21 894 505kg valued at $183 984 629. The average price was at $8,40 per kg, while South Africa brought 8 413 267kg valued at $23 722 979. The average price was at $2,82 and Indonesia purchased 5 090 721kg valued at $21 586 300 at an average price of $4,24 per kg.
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As of Friday last week tobacco totalling 198,3 million kg and valued at $584,5 million had been sold.
The deliveries were 3,3% up from the 191,9 million kg recorded last year valued at $564,9 million.
