Articles tagged 'timb'

Zim misses tobacco target 22 August 2017 HARARE - Zimbabwe is set to miss its tobacco 200 million kilogrammes target after farmers delivered 186,3 million kg of the golden leaf on Day 105 compared to 200 million kg delivered in the same period last year. At its peak, in 2000, the country produced 237 million kg before hitting an all-...
Zim tobacco sales down 7,3pc 11 August 2017 HARARE - Zimbabwean farmers sold 184,5 million kg of the nation’s top export earner tobacco by day 99 of the selling season, which is 7,3 percent lower compared to 199,1 million kg received in  prior year, official data showed. Statistics from industry regulator Tobacco Industry and Marketing ...
Zim's tobacco exports tumble 13 July 2017 HARARE - Zimbabwe's tobacco export earnings tumbled two percent to $266 million by July 7 on lower prices and demand, an industry official said. Tobacco is Zimbabwe's single largest export commodity, ahead of platinum and gold. Andrew Matibiri, general manager at Tobacco Industry and Market...
Zim tobacco output rebounds 15 May 2017 HARARE - Zimbabwe’s tobacco production has so far outpaced the previous year by most measures including volume and value sold. Production and sales of tobacco rose from 66,8million kg in the prior season to 87,9 million kg as at day 32 of the marketing season following last year’s devastating ...
Farmers left to rot at auction floors 7 May 2017 HARARE - Tapiwa Kadzura travelled all the way from Karoi, he had his tobacco bales and hoped to make a kill at the auction floors — but reality is different. He sleeps in a toilet and scrounges for food as he and other farmers are told there is no money to pay them now. Last week, Kadzura a...
Zim tobacco output rebounds, up 34pc 26 April 2017 HARARE - Zimbabwean farmers have sold 52,5 million kg of the nation's top export earner tobacco as at week four of the marketing season, 34 percent higher than the previous year's output, official data showed. This shows the sector recovering from the damage to commercial farming associated wi...
Crisis as the govt hikes farmers' tax 1 April 2017 HARARE - President Robert Mugabe’s stone-broke government has imposed a new 10 percent tax on tobacco sales, prompting angry farmers to threaten to withhold their crops for the current marketing season. This comes as impoverished Zimbabweans are reeling from a wave of other additional taxes th...
Tobacco selling season ready to roll 18 February 2017 HARARE - Zimbabwe’s tobacco auction floors will open next month, with government hoping earnings from the crop will solve the country’s dollar crunch. Tobacco is the country’s major foreign currency earner after it raked in nearly $1 billion last year in export receipts ahead of platinum and g...
Tobacco farmers increase 10 January 2017 HARARE - The number of registered tobacco farmers for the 2016/17 season has increased by 10 910 to 81 172, as more growers are being lured by good fortunes from the golden leaf, official data shows. Figures released by the Tobacco Industry and Marketing Board (TIMB) indicated that communal fa...
Zim earns $926m from tobacco exports 31 December 2016 HARARE - Zimbabwe has earned $926 million from tobacco exports since the beginning of the selling season early this year. This was after the country had exported over 163 million kilogrammes of the golden leaf to various countries across the world. Latest statistics from the Tobacco Industr...
China rescues Zimbabwe 28 November 2016 HARARE - The Chinese cigarette industry is helping ease cash crisis in Zimbabwe by snapping up 52,3 million kilogrammes (kg) of tobacco valued at $425,5 million in the eight months to November, latest data show. China, which has the world's largest population and has more smokers in the world ...
Tobacco exports top $720m 16 November 2016 HARARE - Zimbabwe's tobacco export earnings have increased to over $721,3 million in the eight months to November, buoyed by higher prices and demand from China. Statistics released by the Tobacco Industry and Marketing Board (TIMB) showed that the latest figure increased from $692,6 million r...
Zim tobacco exports reach $518m 27 October 2016 HARARE - Zimbabwe's tobacco export earnings rose by nearly 10 percent to $518 million in the seven months to October on higher prices and demand from China. Tobacco is the country’s single largest export commodity, ahead of platinum and gold. Statistics released by the Tobacco Industry and ...
US, Mauritius dump Zim tobacco 5 September 2016 HARARE - The United States of America and Mauritius have stopped importing Zimbabwean tobacco over escalating human rights abuses, sources say. Latest statistics from the Tobacco Industry and Marketing Board (Timb) indicate that the two countries — among Zimbabwe's top 10 tobacco export destin...
Zim surpasses tobacco target 23 July 2016 HARARE - Zimbabwe has surpassed this year’s 170 million kilogrammes tobacco production despite the crop being affected by drought, latest data show. Statistics released by the Tobacco Industry and Marketing Board (TIMB) yesterday revealed that farmers have so far produced 183 million kg of the...
Zim rakes in $254m from tobacco exports 9 June 2016 HARARE - Zimbabwe has so far exported flue-cured tobacco worth $253,6 million in a development expected to ease liquidity challenges in the country, figures from the Tobacco Industry Marketing Board (TIMB) indicate. According to TIMB, 45,1 million kilogrammes (kg) were sold at the close of wee...
Zim exports $246m tobacco 29 May 2016 HARARE - Zimbabwe has earned over $246 million from the export of 42,5 million kilogrammes (kg) of flue-cured tobacco since the beginning of the marketing season in March this year. Latest statistics from the Tobacco Industry and Marketing Board (TIMB), the country’s seasonal exports improved ...
Zim exports $164m tobacco to China 17 May 2016 HARARE - Zimbabwe has so far exported flue-cured tobacco worth $164 million to China, a development that is expected to ease liquidity challenges in the country, figures from the Tobacco Industry Marketing Board (TIMB) indicate. According to TIMB, the Asian economic giant remains Zimbabwe’s to...
Tobacco farmers earn $73mln 28 April 2016 HARARE - Farmers have so far pocketed $73 million from the sale of over 27,6 million kilogrammes (kg) of tobacco compared to $38,5 million last year. Data from the Tobacco Industry Marketing Board (TIMB) yesterday revealed that on day 19, the average price for the golden leaf had surged 8,69 p...
TIMB plays down tobacco cash hiccups 8 April 2016 HARARE - Tobacco Industry and Marketing Board (Timb) says the current cash shortages being experienced by farmers will be addressed as the season progresses. This comes as tobacco farmers were this year ordered to open bank accounts where their proceeds would be deposited. However, the proc...
Decline in tobacco production worrying 24 March 2016 HARARE - Tobacco Industry and Marketing Board chairperson Monica Chinamasa on Tuesday said Zimbabwe is likely to register a 20 percent decline in the golden leaf production this year due to the El Nino effect. This means that the country's tobacco production which reached a peak of 210 million...
Tobacco exports earnings up 3 February 2016 HARARE - The value of tobacco exports has increased by 7,2 percent to $182,9 million in January this year from $181,3 million recorded prior comparable period, figures from the Tobacco Industry Marketing Board (TIMB) show.According to TIMB data, 25,2 million kilogrammes (kg) of the golden leaf wa...
Tobacco exports up 190pc 20 January 2016 HARARE - Zimbabwe's tobacco exports have increased by 190 percent to 21,1 million kilogrammes (kg) in the first two weeks of 2016 fetching $161 million compared to 7,3 million kg sold in the same period last year, latest figures show. The latest data from the Tobacco Industry and Marketing Boa...
Tobacco exports up 49pc 31 August 2015 HARARE - Zimbabwe tobacco exports surged by 49 percent to $347 million this week from the sale of 65 million kilogrammes (kgs) up from $231 million recorded in the prior period, official statistics show. Figures released by the Tobacco Industry and Marketing Board (Timb) on Friday revealed tha...
Tobacco farmers earn $565m 25 July 2015 HARARE - Zimbabwe tobacco farmers have so far earned $565 million from the sale of 192 million kilogrammes of the golden leaf, a development that is expected to ease liquidity crisis in the country. Latest statistics from the Tobacco Industry and Marketing Board (TIMB), however, show that sale...