Wholesale tobacco sales drop by a quarter in Zimbabwe

Tobacco production in Zimbabwe has been hit by low rainfall resulting in a 23.5% drop in sales. Tobacco is the second biggest foreign currency product in Zimbabwe, with tobacco auctions regularly leading to improved foreign exchange rates. The tobacco industry is still recovering from drought and cyclones in 2019 which affected all Zimbabwean agriculture.

Source: https://af.reuters.com/article/investingNews/idAFKBN25R1VC-OZABS