Published: 13 September 2013

Zimbabwe's tobacco exports surged to $331 million in August, a 13.5% rise compared to the same period last year, according to Tobacco Industry and Marketing Board data.

Zimbabwe had projected exports of up to 170 million kg this year, surpassing 144 million kg worth of tobacco exports last year, but this has since been revised downwards to 156.2 million kg owing largely to price fluctuations.

The tobacco sector was the second-highest exporter after the mining industry.

The average price per kg this year was $4,82, compared to last year's $4,89.

TIMB chief executive Andrew Matibiri attributed the increase in export earnings to the rise in the volume of exports.
- herald

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