SLUMP IN TOBACCO PRODUCTION – ZAMBIA FEELS THE PINCH.
January 1st, 2018
WITH tobacco being a key driver of Zambia’s agriculture sector and a past reliable source of export earnings, a recent decline in leaf production has taken a heavy toll on this southern African country’s economy. Indeed, Zambia saw its agricultural foreign exchange earnings (of all farm-based products) fall by USD100 million in 2017, according to Zambia’s agriculture ministry. Tobacco leaf is commonly referred to in Zambia as ‘the Gold that Grows’. It is Zambia’s second largest export by value, and in the past, has been very important - ...
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