Zimbabwe Expects $1.6 Billion in Tobacco Exports

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Zimbabwe Expects $1.6 Billion in Tobacco Exports
Zimbabwe aims to export $1.6 billion worth of tobacco this year, a 20% increase from 2022, according to reports.

According to a report by Tobacco Reporter, Zimbabwe has exported over 98 million kilograms of tobacco so far this sales season. The country aims to increase its total exports to reach $1.6 billion, as reported by The Pioneer. This represents a growth compared to the $900 million achieved in 2022.


As of now, the country's tobacco exports have reached $502 million, a growth of 20% compared to the same period in 2022 when it was $417 million.


The export value includes the income obtained by farmers from cultivating, drying, and grading crops, as well as the income obtained by merchants from additional processing, packaging, fulfilling precise customer orders, and finally delivering the goods.


In terms of tobacco exports, Zimbabwe is expected to surpass $1.6 billion, while achieving $900 million in 2022, so we are seeking growth in all aspects," said John Basera, the permanent secretary for Agriculture and Rural Development. "My expectations are very high; we need to pursue even better growth." According to Basera, this year's tobacco production is the highest and best in the country's history.


This season has been favorable, with good crop quality and prices," said Chelesani Tsarwe, Public Relations Officer of the Tobacco Industry and Marketing Board (TIMB). "In comparison to previous seasons, farmers have been receiving their payments on time. Overall, the tobacco market is well-organized, and all stakeholders are adhering to the committee's compliance framework.


If the government continues to support smallholder farmers like the Pfumvudza project, farmers will be able to ensure timely access to inputs," said Edward Dune, Deputy Chairman of the Tobacco Farmers Union Trust. "There should be a complete elimination of unscrupulous middlemen to ensure that farmers receive what they deserve.


Tobacco has already transformed the lives of most people, but it is necessary to ensure processing is done domestically to ensure our farmers can generate greater income," Duane said.


Tobacco serves as Zimbabwe's largest foreign exchange crop. It is exported throughout the year, with a significant portion being purchased from contracted farmers. China accounts for 40% to 45% of the total exports.



[1] Zimbabwe Aims for $1.6 Billion in Exports


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