Zimbabwe Projects 21% Surge in Tobacco Sales for 2025
Zimbabwe expects a 21% rise in tobacco sales for 2025, recovering from a drought that reduced production in 2024. The projected sales of 280 million kilograms indicate a rebound from 230.9 million kilograms last year. Tobacco remains the nation’s second-largest export after gold, generating $1.3 billion, although it is still below the record high of 296 million kilograms in 2023.
Zimbabwe anticipates a 21% increase in tobacco sales for the year 2025, as reported by Agriculture Minister Anxious Masuka. This growth marks a recovery from the previous year’s drought that significantly impacted production. The country, known as Africa’s largest tobacco producer, projects sales to reach approximately 280 million kilograms, a recovery from the 230.9 million kilograms sold in 2024, which was affected by El Niño-related conditions.
Tobacco remains a vital export for Zimbabwe, ranking as the second largest commodity after gold. In 2024, despite lower output, the tobacco sector generated an impressive $1.3 billion in revenue. Tobacco farmers in Zimbabwe typically sell their crop through auction floors and contract agreements, primarily exporting to China, which underscores the importance of this sector in the nation’s economy.
While the anticipated 2025 sales show a positive trend, they remain lower than the record high of 296 million kilograms achieved in 2023. This information was provided by the Tobacco Industry and Marketing Board, highlighting the fluctuating nature of the tobacco market and its dependence on climatic conditions.
In summary, Zimbabwe’s tobacco sales are projected to increase significantly in 2025 as the country recovers from adverse weather conditions. With expectations of reaching 280 million kilograms in sales, the tobacco industry remains crucial for its economy, standing as a primary agricultural export. However, the anticipated figures still fall short of the record established in 2023, illustrating ongoing challenges within the sector.
Original Source: www.tradingview.com
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