tobaco.jpgTobacco sales have raked in US$219 million this season, latest figures released by the Tobacco Industry and Marketing Board have shown.

At least 32 million kilogrammes of the golden leaf have gone under the hammer at the country’s auction floors, raking in US$128 million and US$156 million, while contract farmers have delivered 40 million kilogrammes worth US$72 million and US$734 dollars.

 

Income generated from tobacco sales is now 15% of anticipated revenue of US$1.44 billion dollars in 2010 showing the great potential which agriculture has to sustain the economy.

 

Zimbabwe Tobacco Auction Floors spokesperson, Kudzai Hamadziripi says sales volumes have vastly improved, following improved supply of hessian cloth used to wrap tobacco.

 

“We are getting a very normal delivery and farmers are happy. I’m sure in the next week or so we’ll be having higher deliveries than what we are getting now,” said Hamadziripi.

 

To date, the season’s crop has fetched an average US$3,20 per kg, which is a slight improvement from last year’s US$3,10.

 

Statistics show that overall earnings have also gone up by 45% compared to the same period last year.

 

Players in the industry are confident that the sector can produce a better crop and surpass 120 million kilogrammes per year given adequate financial support.