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HARARE, July 24 (Xinhua) – Zimbabwe has sold a record 238 million kilograms of tobacco leaves worth $ 696 million in 2018, which ends Friday, the highest ever recorded in the world. Country story The Herald reported Tuesday
This is a 34 percent increase from the 177 million kg that were sold during the corresponding period last year.
Zimbabwe recorded its peak production of tobacco leaves in 2000 when 237 million kg were sold.
The increase in tobacco production was attributed to high prices and the availability of entrepreneur and government funding.
More than 3 million people depend on the tobacco industry for their livelihood in Zimbabwe.
is a major producer of air – dried tobacco in Africa and one of the best producers in the world.
Tobacco is an important source of foreign exchange for Zimbabwe, accounting for 11 per cent of gross domestic product. in 2017.
The production of gold leaf has increased in recent years, having dropped to its historic low of 58 million kg in 2008 after the country's entry into the agrarian reform program.
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