Tobacco volumes down 27%

ZIMBABWE’S tobacco volumes have declined by 26,71% to 191 million kilogrammes as of Tuesday this week compared to the same period last year, due to the effects of El Niño-induced drought, official data shows.

Data obtained from the Tobacco Industry and Marketing Board (TIMB) showed that in terms of value, tobacco sales fell by 15,69% to US$663,7 million, despite average price per kg increasing by 15,04% to US$3,47.

A total of 180,3 million kg of tobacco worth US$624,9 million were sold on the contract floors.

This story is for NewsDay subscribers.