Tobacco selling season to offer FX relief

THE tobacco selling season is set to offer foreign currency relief to the government, amid record production by small-scale farmers, who contributed 63 percent of the total produce last year.
Despite facing challenges with sustainable financing models and energy provision, the small-scale farmers have helped tobacco farming to return to pre-land reform production levels, making the sector one of the country’s major foreign currency earners, after contributing US$782 million through exports in 2020.

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Agriculture minister Anxious Masuka told The Financial Gazette that the government was pinning its hopes on the tobacco crop to boost the country’s economic prospects following the opening of the marketing

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