{"id":79045,"date":"2023-06-15T09:24:06","date_gmt":"2023-06-15T07:24:06","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tobacco-sales-hit-us7932-million-up-54-compared-to-2022"},"modified":"2023-06-15T13:58:22","modified_gmt":"2023-06-15T11:58:22","slug":"tobacco-sales-hit-us7932-million-up-54-compared-to-2022","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/tobacco-sales-hit-us7932-million-up-54-compared-to-2022","title":{"rendered":"Tobacco sales hit US$793,2 million, up 54% compared to 2022"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>By Alois Vinga<\/p>\n

TOBACCO sales conducted so far have raked in a total US$793,2 million , a figure which is 54% up compared to the total sum realized in the same period last year, the Tobacco Industry Marketing Board (TIMB) revealed this week.<\/p>\n

According to the latest update, 262,6 million kgs of tobacco has been sold to date compared to 170,1 million kgs sold last year signifying a 54,3% change<\/p>\n

\u201cA total US$793,2 million has been realised compared to US$515,9 million during the same period last year at an average price of US$3,03 per kg,\u201d TIMB said.<\/p>\n

The update also shows that 3,4 million bales have been laid from 2,2 million recorded last year<\/p>\n

A total 3,3 million bales were sold compared 2,2 million last year<\/p>\n

However, indications on the ground show that the highest rate paid during the current selling season at US$6,10per kg is quite lower compared to US$6,80 paid during the same period last year.<\/p>\n

The current market figures confirm earlier predictions indicating that Zimbabwe\u2019s tobacco production is expected to rise 8.5% year-on-year to 230 million thios year following good rains and an increase in the number of farmers pursuing the crop.<\/p>\n

Tobacco is one of the biggest export earners in Zimbabwe, which aims to increase production to 300 million kg by 2025. Its output peaked at 261 million kg in 2019.<\/p>\n

After the collapse of commercial agriculture following the government\u2019s seizure of land from many white farmers in 2000, tobacco has emerged as the most successful sub-sector.<\/p>\n

The sector contributes nearly $1 billion to export earnings every year with government statistics showing it accounted for more than 12% of exports in January.<\/p>\n

TIMB has since revealed that tobacco land use grew to 117,000 hectares this year from 110,000 hectares in 2022.<\/p>\n

The industry also saw an increase in the number of tobacco farmers to 148,527 this year from 123,000 in 2022.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. By Alois Vinga TOBACCO sales conducted so far have raked in a total US$793,2 million , a figure which is 54% up compared to the total sum realized in the same period last year, the Tobacco Industry Marketing Board (TIMB) revealed this week. According to the latest update, 262,6 million kgs of […]<\/p>\n","protected":false},"author":84,"featured_media":79044,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":{"0":"post-79045","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-zimbabwe"},"yoast_head":"\nTobacco sales hit US$793,2 million, up 54% compared to 2022 - zimbabwe<\/title>\n<meta name=\"description\" content=\"By Alois Vinga TOBACCO sales conducted so far have raked in a total US$793,2 million , a figure which is 54% up compare ...\" \/>\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-us7932-million-up-54-compared-to-2022\" \/>\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$793,2 million, up 54% compared to 2022\" \/>\n<meta property=\"og:description\" content=\"By Alois Vinga TOBACCO sales conducted so far have raked in a total US$793,2 million , a figure which is 54% up compare ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tobacco-sales-hit-us7932-million-up-54-compared-to-2022\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-15T07:24:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-15T11:58:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1686813970.770529.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"555\" \/>\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=\"2 minutes\" \/>\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-us7932-million-up-54-compared-to-2022\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/tobacco-sales-hit-us7932-million-up-54-compared-to-2022\",\"name\":\"Tobacco sales hit US$793,2 million, up 54% compared to 2022 - 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