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Tobacco output to decline

    JOHANNESBURG

    The Zimbabwe Tobacco Association (ZTA) has said that the annual tobacco output was expected to decline to 180 million kg from 220 million kg last year because of the government’s intention to acquire more than 3,000 commercial farms.

    Quoting ZTA’s marketing director, the official ‘Herald’ newspaper said commercial farmers could not acquire loans from the banks to finance next season’s crop because their collateral had been reduced. Banks want assurances that farmers with properties appearing on the government’s acquisition list would be allowed to farm for at least another year, in order to cover debts from the sector.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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