News / National
Zimbabwe tobacco sales surpass target
28 Jul 2015 at 07:02hrs | Views
Tobacco sales have surpassed the target set by industry with 192 million kilogrammes having been traded at the auction floors this season. This is despite a poor rainy season characterised by erratic rains and flooding.
The country is a major tobacco grower, and agriculture is identified as one of the pillars of the economic turnaround programme.
Stakeholders in the tobacco industry had set a target of 85 million kilogrammes, down from the 222 million kg Government had predicted.
Zimbabwe produced 216 million kg in 2014 and 165 million kg in 2013.
Latest Tobacco Industry and Marketing Board statistics show that by last Friday; 192, 4 million kg worth $566 million were sold by farmers since the opening of the tobacco selling season.
This is a decline of 8, 5 percent from the 209 million kg worth $666 million sold during the same period last year.
Source - the herald
