Chronicle EditorElita Chikwati, Harare Bureau
The country has this year earned US$88 million from the exportation of 14, 5 million kilogrammes of flue cured tobacco to various markets.
This is an increase from the US$9 million earned during the same period last year when the country exported 3 million kilogrammes of tobacco.
Figures from the Tobacco Industry and Marketing Board show that by January 18, the country had exported 14, 5 million kilogrammes worth US$88 million compared to 2 960 720 kilogrammes worth US$9 921 258 last year.
According to TIMB, 22 countries have imported flue cured tobacco from Zimbabwe compared to 18 last year.
So far China is the major buyer having procured 7,2 million kilogrammes worth US$64, 3 million at an average price of US$8,93 per kilogramme.
Meanwhile, tobacco farmers are pleading for Government to consider allocating them a higher percentage of foreign currency when they sell their crop during the 2019 marketing season for them to be able to go back to the fields and remain viable.
The farmers said considering the high costs of production they incurred during this season, it will be ideal if they are paid the bulk of their money in foreign currency.
Goromonzi farmer Mr Boniface Chitate said he was expecting higher prices during this marketing season and part of the payment in foreign currency.
“We need to import implements and these require foreign currency. Currently farmers are relying on buying foreign currency at the parallel market and this is not viable.
“The situation is worse for self-financed farmers as we sometimes have to fund our tobacco crop using proceeds from other enterprises. We commend Government for letting us import some commodities duty free but we still require foreign currency,” he said.
Online Reporter