Tobacco growers have increased dramatically with over 127 000 farmers registered to sale their golden leaf as compared to 82 000 last year.
The Tobacco Industry and Marketing Board (TIMB) attributed the increase of farmers venturing in growing the golden leaf to the doubling of incentives to 12.5 percent by the Reserve Bank of Zimbabwe (RBZ), up from five percent last year.
“The jump in the number can be attributed to the central bank’s attractive incentive which doubled to 12.5 percent as most farmers who used to sale their tobacco on the same registration number have now separated,” the TIMB Spokesperson, Isheunesu Moyo said.
According to the TIMB, the initial target of 200 million kgs of tobacco can be surpassed this marketing season.
The 2018 tobacco marketing season has also witnessed less number of tobacco bales rejected owing to poor quality, a positive sign that tobacco growers have come of age.