Farmer's Voice

Exports up 42% in Zimbabwe in terms of value

Latest data released by the Tobacco Industry and Marketing Board (TIMB) showed that Zimbabwe exported 64 million kg of leaf tobacco worth US$ 341 million at an average price of US$ 5.30 per kg as of August 7th, compared to 50.4 million kg of leaf valued at US$ 240 million at an average price of US$ 4.50 per kg in the same period last year. China, the leading importer, purchased 21.8 million kg of leaf worth US$ 183.9 million at an average price of US$ 8.40 per kg, followed by South Africa, which imported 8.1 million kg valued at US$ 23.6 million, and Indonesia, which purchased 4.9 million kg of leaf worth US$ 20.7 million. Belgium, which was the leading importer last year, bought 4.7 million kg of leaf worth US$ 22.9 million at an average price of US$ 4.79 per kg. Meanwhile, the country's leaf imports declined 83% year-year to US$ 3.7 million year-to-date. Zambia exported 900,000 kg of leaf worth US$ 1.3 million at an average price of US$ 1.45 per kg, followed by India, which sold 248,000 kg of tobacco valued at US$ 1.1 million at an average price of US$ 4.60 per kg (Insider - Harare 8/12)