Harare, Zimbabwe – (African Boulevard News) – Zimbabwe, one of the world’s top ten tobacco producers, has reported record-breaking tobacco sales this season. According to the Zimbabwean government, the country has sold over 261 million kilograms of tobacco since the tobacco selling season commenced.
The Tobacco Industry and Marketing Board (TIMB) revealed that this is the highest record of tobacco sales since Zimbabwe began commercial tobacco farming 100 years ago. The average price per kilogram sold is US$3,39, which is 6.6% higher than the US$3,18 recorded during the previous season.
“The increase in tobacco sales is commendable, and we are pleased with the progress made so far. The tobacco industry is a vital contributor to our economy, and we will continue to support and promote tobacco farming to ensure we maintain our position as one of the world’s leading tobacco producers,” said Zimbabwe’s Minister of Agriculture, Perrance Shiri.
The TIMB attributed the record-breaking sales to increased demand from China and the United Arab Emirates, which accounted for 72% of the sales. The TIMB also stated that the tobacco sector employed over 170,000 workers and was critical to the country’s foreign currency earnings, with tobacco exports generating over US$1,1 billion annually.
Industry experts have lauded the tobacco selling season as a significant boost for the country’s economy. Economist, Dr. Gift Mugano, noted that the tobacco sector’s success would positively impact Zimbabwe’s Gross Domestic Product (GDP) and ease the country’s foreign currency shortages.
“Zimbabwe’s economy has been suffering from a shortage of foreign currency, and the tobacco industry’s success will significantly improve the economy’s position. We hope this momentum continues and propels other sectors for the continued growth and development of Zimbabwe’s economy,” said Mugano.
However, some health experts have raised concerns over the potential health impacts of tobacco production, highlighting the negative effects of tobacco use on human health.
Tobacco farming has been a significant contributor to Zimbabwe’s economy, and with the success of this selling season, the tobacco sector will continue to play a vital role in the country’s economic growth. The Zimbabwean government has expressed its commitment to promote responsible tobacco farming practices to ensure the positive impact of tobacco production on the country’s economy and the tobacco farmers who rely on it.
