Zimbabwe's Tobacco Sales Reach $614 Million Since March

According to a report from The Star, citing statistics from the tobacco industry and marketing committee, Zimbabwe has sold 201.05 million kilograms of tobacco worth $614.27 million since the beginning of the March marketing season.

Photo: Taco Tuinstra

The tobacco production for this year is similar to that of last year, but the value of all tobacco crops sold this year has exceeded that of last year, reflecting a stronger price for high-quality tobacco materials. In 2021, Zimbabwe's tobacco growers sold 207.18 million kilograms, amounting to $577.8 million in the same period.

Despite growing under difficult conditions of unstable rainfall, tobacco crops are averaging a price of over $3 per kilogram, compared to last year's average of $2.79 per kilogram.

In Zimbabwe, 95% of tobacco crops are grown under contract farming arrangements. Only 5% of farmers self-fund their crops and sell through auction halls. The tobacco auction season in Zimbabwe officially ended on July 20, but contract sales are still ongoing.

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