ZIMBABWE said Tuesday that it has earned $221.32 million after selling 95 million kg of tobacco leaf since the selling season opened on April 29.
In a trading update, the Tobacco Industry and Marketing Board said the sales were 40 percent higher than that in the last year, which stood at $158.07 million.
The average price at auction and contract floors was 2.33 dollars per kg, higher than 1.79 dollars in the same period of last year.
Tobacco is Zimbabwe’s second-largest foreign currency earner behind gold. The country sold 259 million kg of tobacco leaf worth more than $500 million last year, up from $253 million kg in 2018.