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SA top market for Zim tobacco exports

Feb 28 2013 12:56 Malcom Sharara, Fin24’s correspondent in Zimbabwe
Tobacco

(Shutterstock)

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Harare - South Africa is currently the leading export market for Zimbabwean tobacco, according to that country's Tobacco Industry and Marketing Board (TIMB).
 
Information from the TIMB, as reported by Zimbabwean newspaper The Herald, indicates that as at February 27 South Africa moved to the top position, having bought 7.5 million kilograms of the golden leaf valued at US$22.8m.
 
The tobacco was sold at an average price of $3.02 per kg.
 
China, normally Zimbabwe's dominant export market for tobacco, is currently third on the list. The United Arab Emirates occupies second spot, having maintained its place among the top buyers of the golden leaf.
 
Last year China, Belgium, Indonesia, South Africa and Russia were among the top five during the same period.
 
Zimbabwe has so far earned $82m from tobacco exports to different destinations.

 - Fin24

 

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zimbabwe  |  tobacco  |  economy
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