Zimbabwe Earns More Than $221m From Tobacco Sales

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Zimbabwe said it has earned $221.32 million after selling 95 million kilograms 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 per cent higher than that of last year, which stood at $158.07 million.

The average price at auction and contract floors was $2.33 per kg, higher than $1.79 in the same period of last year.

Read also: Onitsha trader gets rough treatment for selling N500 garri for N1500

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. (Xinhua/NAN)

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