Zimbabwe’s Tobacco Industry reacts positively to the inclusive government
Published: June 1, 2009
Harare(ZimEye)Deliveries of flue-cured tobacco have reached an unprecedented amount of US$30 Million in contrast to last year's U.S$23,4 Million. Last year farmers were reluctant to sell their produce due the use of the Zimbabwe dollar and preferred to hold on to their tobacco until conditions were right.
A total of 93112 bales were laid and of these 81904 went under the hammer as compared to last season of which 90417 bales were laid while 86445 bales went under the hammer.
Most farmers throughout tobacco farming areas in Zimbabwe are satisfied with the new payment system in United States dollars, a scenario that has led to increased revenue for the inclusive government as exports will increase.
China is on record as being Zimbabwe's biggest importer of tobacco.
More tobacco has been sold under the contract system of which 6.6 Million
kilograms have been sold and a total of U.S$18.5Million has been realized.
According to expectations, more than 75% of the 2009 crop is expected to be sold through the contract system. (ZimEye, Zimbabwe