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Zimbabwe earns more than $221m from tobacco sales

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.

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