Subscribe
Latest news about Africa
  • Login
No Result
View All Result
  • Home
  • Crypto News
  • Finance
  • Security News
  • Artificial Intelligence
  • Diaspora Voice
  • About us
  • Home
  • Crypto News
  • Finance
  • Security News
  • Artificial Intelligence
  • Diaspora Voice
  • About us
No Result
View All Result
Latest news about Africa
No Result
View All Result
Home Economy

Zimbabwe’s Tobacco Production To Drop By 10%, Here’s Why

Olamide Ayeni by Olamide Ayeni
March 13, 2024
in Economy, News
1 0
0
Zimbabwe's Tobacco Production To Drop By 10%, Here's Why
7
SHARES
211
VIEWS
Share on FacebookShare on Twitter

Zimbabwe’s Tobacco production is experiencing an unexpected decline that is estimated to be at ten per cent (10%) in the first quarter of the year. Over the years, Zimbabwe has prided itself as the largest tobacco-producing country and the fourth largest in the world.

Africa’s largest tobacco producer began its annual tobacco-selling season with experts and farmers projecting a sharp decline in harvests and quality due to drought.

From a record harvest of 296 million kilograms (326,000 tons) in 2023, the country is estimating that production will fall to about 235 million kilograms (259,000 tons) this season due to harsh weather referred to as El Nino’s intense drought.

El Nino is a natural climate phenomenon in which surface waters of the central and eastern Pacific become unusually warm, causing changes in global weather patterns.

Patrick Devenish, chairman of the Tobacco Industry Marketing Board (TIMB)spoke about the adverse effect of the weather on the quantity and quality at the official opening event in the capital, Harare.

He said,

“Most of our tobacco is grown by small-scale farmers. They depend on the rains, and a drought is not good for their crop,” Devenish said. “The quality of some of the tobacco may also be affected.”

Devenish also revealed that the area where tobacco is being cultivated has a 3% decline which is equivalent to 113,000 hectares in the current season, from a large 117,000 hectares in 2023 due to drought.

Agriculture Minister, Anxious Masuka revealed that about 75% of Zimbabwe’s tobacco is produced by local farmers who cannot finance a good irrigation system.

Zimbabwe Tobacco’s mass production avails the nation the opportunity to export the produce to China as its biggest buyer. Although Western and Eastern Europe and some other parts of Africa remain important markets.

In 2023, the Southern African country received a record-breaking $1.2 billion from tobacco exports, a huge increase from $975 million in 2022, according to the Tobacco Industry Marketing Board.

Tobacco is one of the country’s major foreign currency earners, along with minerals such as gold and many other minerals.

Also read: How Zimbabwe Aims To Become Africa’s Tech Hub

How Does Zimbabwe Export Their Tobacco Products to China And Other Western Countries?

China has played a pivotal role in fueling Zimbabwe’s tobacco surge through the implementation of a grower contract system managed by the state-owned China National Tobacco Corp., the globe’s leading cigarette manufacturer.

The partnership entails the provision of seeds, fertilizers, sustenance, monetary compensation for labour, and timber for curing tobacco to local farmers, who constitute the majority of Zimbabwe’s tobacco cultivators. In return, these farmers are obliged to sell their harvest exclusively to the Chinese company or its designated representatives.

This partnership and contract system finances about 95% of Zimbabwe’s crop which is now also offered by some non-Chinese local and foreign companies.

However, local farmers are complaining that the financing system leaves them in a cycle of debt. The majority of these farmers are unable to get loans from banks due to a lack of collateral.

If the local farmers can’t sustain themselves through this financing system, is this a favourable partnership for Zimbabwe or China?

The Zimbabwean government hoped to increase its harvest to 300 million kilograms (330,000 tons) by the end of 2025 through a government-led tobacco transformation plan adopted in 2021. This plan would have benefited the local farmers and helped them sustain their businesses, but the drought might delay the progress of this plan.

The president of the Zimbabwe Tobacco Growers Association, George Seremwe, who’s representing the local farmers mentioned that “the drought is likely to cost farmers 20% or more of their usual earnings.”

Zimbabwe’s Tobacco production seems to rely largely on the input of local and small-scale farmers.

A tobacco farmer from Madziwa, northwest of Harare, Likephone Makii watched in sadness as one of his bales auctioned at just $1.70 a kilogram because of its poor quality.

Makii, who has been growing tobacco for the last nine years, said he often harvests 6,000-7,000 kilograms (6.6-7.7 tons) from his two-hectare plot but expects only 3,000 kilograms (3.3 tons) due to the weather. This local farmer relies on only rainwater to grow his produce.

In his words, “It has been the toughest season for me and my fellow small-scale farmers.”

Will Zimbabwe’s Tobacco production withstand the drought season?

Tags: Zimbabwe's Tobacco Production

Be sure to turn on notifications to stay connected with us

Unsubscribe
Olamide Ayeni

Olamide Ayeni

Olamide Ayeni is a seasoned writer with experience in the Digital Marketing Industry as well as several other brands.

Related Posts

Philip Costa Poised to Light Up Nigeria with Major Solar Energy Project

Philip Costa Poised to Light Up Nigeria with Major Solar Energy Project

by Damilare Famuyiwa
April 19, 2025
0

Renewable energy advocate, Philip Costa is on a mission to power Nigeria’s future—one solar panel at a time. Through his...

Edo Election Tribunal: INEC Fails To Call Witnesses Despite Being Subpoenaed

Edo Election Tribunal: INEC Fails To Call Witnesses Despite Being Subpoenaed

by Damilare Famuyiwa
February 9, 2025
0

The ongoing Edo State Governorship Election Petition Tribunal, under case number EPT/ED/GOV/02/2024 filed by Accord Party’s Dr. Bright Enabulele has...

Tinubu Appoints Ganduje as FAAN Chairman, Names 41 Others To Key Positions

Tinubu Appoints Ganduje as FAAN Chairman, Names 41 Others To Key Positions

by Damilare Famuyiwa
January 26, 2025
0

President Bola Tinubu has approved the appointments of chairpersons for the boards of 42 federal agencies, alongside the selection of...

Baron Jay Foundation President Nominates Enabulele For National Honours

Baron Jay Foundation President Nominates Enabulele For National Honours

by Damilare Famuyiwa
November 2, 2024
0

In a significant move aimed at bolstering efforts to combat hunger and poverty in Nigeria, Baron Jay Littleton Jr., President...

Why I'm Leading Edo Guber Race - Dr. Enabulele

Why I’m Leading In Edo Guber Race – Dr. Enabulele

by Damilare Famuyiwa
September 7, 2024
0

Dr. Bright Enabulele, the Governorship Hopeful of Accord Party, has revealed that it's no surprise that he's leading the race for...

Here're Good Alternatives To Fresh Tomatoes Amid Rising Prices

Here’re Good Alternatives To Fresh Tomatoes Amid Rising Prices

by Adeluola Abiola
May 31, 2024
0

The recent policies implemented by President Bola Ahmed Tinubu's newly-inaugurated administration, particularly regarding the fuel subsidy, have undeniably resulted in...

Next Post
WTO To Empower Nigeria's Sesame and Cowpea Exports

WTO To Empower Nigeria's Sesame and Cowpea Exports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Philip Costa Poised to Light Up Nigeria with Major Solar Energy Project
  • Tinubu to Host National Honours Award, Celebrating Excellence Across Nigeria
  • Edo Election Tribunal: INEC Fails To Call Witnesses Despite Being Subpoenaed
  • Tinubu Appoints Ganduje as FAAN Chairman, Names 41 Others To Key Positions
  • Historic Moment In US As Donald Trump Becomes 47th President

Recent Comments

  1. Mo Abudu Wins Forbes' Bizwoman Of The Year - Tech News Inside Africa on These Women Screams Inclusion In Nigeria’s Oil And Gas Industry
  2. Dereli / Giresun Kurumsal on Can Oduwacoin Be The First Altcoin With Its Own Blockchain To Break Out Of Africa?
  3. ทดลอง สล็อต xo เครดิตฟรี on From California’s South Central to Stardom: Ming -the Rising Artist to Watch-out For Next Year
  4. Sigorta on Can Oduwacoin Be The First Altcoin With Its Own Blockchain To Break Out Of Africa?
  5. googletest on Ronaldo Sued $1bn For Influencing Binance

Archives

  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • November 2024
  • October 2024
  • September 2024
  • July 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023

Categories

  • Artificial Intelligence
  • Business
  • Crypto News
  • Diaspora Voice
  • Economy
  • Entertainment
  • Finance
  • News
  • Politics
  • Real Estate
  • Security News
  • Sports
  • Spotlight
  • Tech
  • Tech News
  • uncategorized news
  • World

Category

  • Artificial Intelligence
  • Business
  • Crypto News
  • Diaspora Voice
  • Economy
  • Entertainment
  • Finance
  • News
  • Politics
  • Real Estate
  • Security News
  • Sports
  • Spotlight
  • Tech
  • Tech News
  • uncategorized news
  • World

Site Links

  • Login
  • Register
  • About us
  • Advertise with us
  • Contact-us
  • Fintech Telex
  • Guest Post
  • OduwaPay
  • Privacy Policy

© 2023 FinTech Telex. All Rights Reserved. Diaspora Network

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
No Result
View All Result
  • Home
  • Crypto News
  • Finance
  • Security News
  • Artificial Intelligence
  • Diaspora Voice
  • About us

© 2023 FinTech Telex. All Rights Reserved. Diaspora Network