🇿🇼ZimbabweSouthern Africa
Zimbabwe tobacco sales reach US$74 million as deliveries surge despite lower average prices
via NewsDay Zimbabwe5 min read
Zimbabwean tobacco farmers have earned over US$74 million within the first two weeks of the 2026 marketing season. Statistics from the Tobacco Industry and Marketing Board TIMB indicate that more than 27 million kilograms of tobacco have been sold, marking a 44% increase compared to the 19 million kilograms delivered during the same period last year. Premier Tobacco Auction Floor market analyst Sam Garaba noted that despite initial price fluctuations, the market is stabilizing. The average price stands at US$2.71 per kilogram, down from US$3.50 last year. However, the overall value of sales has risen by 12% from US$66 million to over US$74 million, primarily due to stronger volumes. Farmers expressed cautious optimism, with some stating that prices are firming after an initial low period.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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