{"id":23844,"date":"2020-06-02T21:01:48","date_gmt":"2020-06-02T19:01:48","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=23844"},"modified":"2020-06-02T21:01:48","modified_gmt":"2020-06-02T19:01:48","slug":"tobacco-sales-hit-us100-million","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/tobacco-sales-hit-us100-million","title":{"rendered":"Tobacco sales hit US$100 million"},"content":{"rendered":"

THE Tobacco Industry and Marketing Board (TIMB) has revealed that the golden leaf has raked in over 100 million United States dollars since the Auction floors opened at the end of April.<\/p>\n

According to the data from the TIMB, prices are averaging between Four and Over Five US Dollars per kg.<\/p>\n

The TIMB revealed that the contract market has continued to dominate the sales, with the bulk of the commodity having passed through contract farmers.<\/p>\n

However, it is the payment modalities that are under scrutiny as growers call for the review of the current exchange rate regime.
\nTobacco Association of Zimbabwe (TAZ) President, Mr George Seremwe says a favourable exchange rate will enable the growers to offset high costs of inputs.<\/p>\n

\u201cIt is all about the need to improve profit margins that are of greater importance as we seek to unlock value in terms of returns and earnings,\u201d he said.<\/p>\n

Tobacco is one of the key foreign currency earners in Zimbabwe and also a key enabler on employment creation.<\/p>\n","protected":false},"excerpt":{"rendered":"

THE Tobacco Industry and Marketing Board (TIMB) has revealed that the golden leaf has raked in over 100 million United States dollars since the Auction floors opened at the end of April. According to the data from the TIMB, prices are averaging between Four and Over Five US Dollars per kg. The TIMB revealed that […]<\/p>\n","protected":false},"author":84,"featured_media":8230,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[894,1364],"class_list":{"0":"post-23844","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-community","9":"tag-foreign-currency","10":"tag-tobacco-industry"},"yoast_head":"\nTobacco sales hit US$100 million - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Tobacco Industry and Marketing Board (TIMB) has revealed that the golden leaf has raked in over 100 million United States dollars since\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tobacco-sales-hit-us100-million\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tobacco sales hit US$100 million\" \/>\n<meta property=\"og:description\" content=\"THE Tobacco Industry and Marketing Board (TIMB) has revealed that the golden leaf has raked in over 100 million United States dollars since\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tobacco-sales-hit-us100-million\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-02T19:01:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/05\/Tobacco.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"760\" \/>\n\t<meta property=\"og:image:height\" content=\"434\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tobacco-sales-hit-us100-million\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tobacco-sales-hit-us100-million\",\"name\":\"Tobacco sales hit US$100 million - 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