Economy

Zimbabwe’s Golden Leaf: Tobacco Exports Soar Past the Billion-Dollar Mark!

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Zimbabwe’s agricultural sector continues to shine brightly on the international stage! We’re excited to report on a significant achievement that underscores the strength and resilience of our tobacco industry.

A Staggering Milestone: US$1.1 Billion in Tobacco Exports!

According to official data released by the Tobacco Industry and Marketing Board (TIMB), Zimbabwe has hit a remarkable milestone. Between January and November of this year, our tobacco exports have collectively generated an astounding US$1.1 billion!

This impressive figure was achieved through the sale of 201.415 million kilogrammes of semi-processed tobacco, commanding an average price of US$5.66 per kilogramme. This performance not only highlights the high demand for Zimbabwean tobacco but also its premium quality on the global market.

Impact and Future Outlook

This spectacular export performance is a powerful testament to the dedication of our farmers and the robustness of the entire tobacco value chain. It signifies a vital injection of foreign currency into the national economy and provides crucial income for countless families and communities across Zimbabwe.

The consistent ability to generate such substantial revenue reinforces tobacco’s position as a cornerstone of our agricultural sector. As we celebrate this success, the focus remains on sustainable practices, supporting our growers, and continually enhancing the reputation of Zimbabwe’s ‘golden leaf’ on the world stage. This is indeed a proud moment for Zimbabwean agriculture!

Source: Original Article

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