Browsing: Tobacco

tobacco's toll tobacco production and consumption
  • Tanzania to earn $400 million annually from tobacco export/sells.
  • The country now ranks second largest tobacco producer in Africa after Zimbabwe.
  • Tobacco has no known health benefit. On the contrary, it causes disease, disability and premature death. Over 6 million people die globally every year from tobacco-related illnesses.

Tanzania has been ranked as the second-largest producer of tobacco in Africa, falling behind only neighboring Zimbabwe, even as tobacco's toll worsens globally. The ranking comes after a bumper harvest in the year 2022/2023, as announced by Tanzania’s Minister for Agriculture, Hussein Bashe.

According to the minister, the country’s tobacco production has more than doubled over the last year alone to 122,858 tonnes in FY2023/2024 from 50,000 tonnes earlier.

As of December last year, the export value of tobacco stood at $316 million, and with the increase in output, the minister is confident that this year the country will attain its…

The battle against tobacco use has stalled worldwide. www.theexchange.africa

The Commission was established to recommend a set of actions to accelerate an end to adult smoking and other toxic tobacco use.

Chaired by Ambassador (ret.) James K. Glassman, former U.S. Under Secretary of State for Public Diplomacy and Public Affairs, the Commission includes representatives from India, Indonesia, South Africa, and the United Kingdom.

A major focus of the report is the failure of governments and international organizations to address the special needs of LMICs , as well as the needs of marginalized communities within higher-income countries, including racial minorities, indigenous people, those with mental health conditions, and those living with diseases. The report examines the role of emerging innovations, physicians and risk-proportionate policies in ending smoking.…

luxury goods compagnie

Not to be mistaken the adverse impact of the times have been felt at Richemont with sales for the half-year ending 30 September 2020 decreasing significantly by 26 per cent to €5.48 billion against the previous year. This decline in sales resulted in a fall in operating profits of 61 per cent from €1.165 billion to €452 million.

Notwithstanding this slowdown in profits, the company was able to deliver a 78 per cent increase in sales from their China market which has now been overtaken by the Americas as the company’s largest market.…

tob

Tobacco farmers in Zimbabwe are positive about this year’s marketing season that was officially opened on Wednesday will surpass the last year’s figures.

This year’s saw an increase in price of tobacco per Kg retailing at 4.30 U.S. dollars from 4 dollars last year.

According to estimates, about 200 million kg of tobacco will be sold this season, as compared to 180 million kg valued at 452 million dollars that were sold last year.

Tobacco Farmers from different parts of the country especially in Harare will mark the start of tobacco sales season in a market hall despite strict health restrictions.

Tobacco production in Zimbabwe is expected to grow by nearly 9% this year, according to the Tobacco regulatory authority.

“Our tobacco harvest was very good this season and we expect good profit this year and I can see good prices as well. The highest I saw was US$4.30 and …

tobacco

While all other agricultural exports are suffering reduced demand owing to the Covid-19 global pandemic, that is not the case for tobacco which has recorded remarkable increase in sales at the beginning of the marketing season.

Reports from Zimbabwe say export of flue-cured tobacco is stable and prices are firm, with tobacco sales having increased more than quadrupled over the cause of the last and the present season. Last season closed with sales of USD232 008 but this season has opened with sales of USD1 598 230 that is a 588 percent increase!

As market season opened at the start of the month, an impressive USD1.6 million was sold. With attractive prices that begun above USD 5 per kilogramme, farmers were more than willing to sell. Only three days after the marketing season opened, farmers had sold almost 700 000 kilogrammes of tobacco.

The country’s Tobacco Industry and Marketing Board …

tobacco

The Tanzania Cigarette Company (TCC), the country’s main tobacco producer, is looking to expand its sells to the Democratic Republic of Congo (DRC).

The DRC is already TCC’s largest export destination that has seen the company grow its 2019 gross profit earnings by 56 percent, more than double compared to the previous year.

Nonetheless, the tobacco company enjoyed marginal growth when it came to annual revenue which inched up slightly by 5.2 percent to clock 309.8bn/- up from 294.3bn/- the year before that.

TCC is not the only company eyeing the DRC for business, increasingly, Tanzanian banks are reported to be making venture moves into the DRC. However, until now, it is small businesses that were enjoying the huge market of the central African state.

Many small businesses have been transporting goods to the DRC for years and enjoying lucrative returns. TCC is only the latest of manufacturing titans to …

US restricts tobacco imports from Malawi over labour abuses

The US restricted tobacco imports from impoverished Malawi over allegations that workers including children were being exploited.

Although Malawi’s total exports to the United States make up only a small part the US move could make it harder selling its tobacco elsewhere leading to anxiety among farmers who fear they might be forced to accept lower prices.

Tobacco is Malawi’s top crop in terms of employment, 60 per cent foreign exchange earnings and 25 per cent tax revenue any trouble the sector runs into could quickly affect the economy.

Tobacco is already confronted with global anti-tobacco campaigns adding more pressure on the tobacco sector in Malawi.

Its troubles began in late October when the British law firm Leigh Day announced it was preparing a landmark class action case against British American Tobacco (BAT) on behalf of 2,000 Malawian farmers, including hundreds of children, for forced labour and poor wages.

BAT, …

Tobacco growing in Tanzania may get a boost if plans by the government to increase sales are successful. theexchange.africa

Tobacco growing in Tanzania may get a boost if plans by the government to increase sales are successful.

The Tanzanian government is planning to initiate talks with the member states of the Common Market for Eastern and Southern Africa (COMESA) to seek markets for tobacco in those countries.

Data indicates that in 2017, tobacco brought in more foreign exchange to the country than coffee, cotton, tea, cloves and sisal combined.

However, tobacco production fell considerably over the third quarter of 2018, dropping by a third of the previous quarter’s performance.

The setback was that Tanzania’s tobacco was sold at high prices in other countries because of charging high tax, compared to the same tobacco from Uganda and Kenya.

The country is in talks with Egypt and Algerian ambassadors to Tanzania to prepare bilateral agreements that would enable reduced tax on Tanzania’s tobacco to be sold in those countries in …