1

TOBACCO WEEKLY REPORT

INSIDE

EXECUTIVE SUMMARY

FCV SALES UPDATE

AUCTION AND CONTRACT

SALES

BUYERS PERFORMANCE

DAILY VOLUME DELIVERY

AVE PRICE COMPARISON

GRADE AND PRICE ANALYSIS

DAILY REJECTION ANALYSIS

REGISTRATION STATISTICS

UPDATE

EXPORTS UPDATE

SEED SALES

WEEKLY REPORT: 25 ENDING 23 JUNE 2017

2

2.0 AUCTION FLOOR SALES PERFORMANCE DAY 66 AS AT 21-06-2017

SEASONAL TSF BTF PTF TOTAL AUCTION CONTRACT TOTAL 2017 TOTAL 2016 % CHANGE

Mass sold(kg)

19,088,761

5,314,564

5,457,991

29,861,316

134,150,803

164,012,119

162,369,610

1.01

Value(US$)

55,466,390

14,762,965

15,486,568

85,715,923

394,012,161

479,728,085

475,761,815

0.83

Avg.price US$/kg

2.91

2.78

2.84

2.87

2.94

2.92

2.93

(0.18)

Rejected % 10.55% 11.45% 13.38% 11.24% 4.31% 5.79% 7.25%

(20.15)

Bales laid

298,786

85,417

87,721

471,924

1,744,432

2,216,356

2,212,591

0.17

Bales Sold

267,270

75,635

75,988

418,893

1,669,200

2,088,093

2,052,228

1.75

Rejected Bales

31,516

9,782

11,733

53,031

75,232

128,263

160,363

(20.02)

Highest Price

4.99

4.99

4.99

4.99

6.00

6.00

6.25

(4.00)

Lowest Price

0.10

0.10

0.10

0.10

0.10

0.10

0.10 -

Avg.Bale Weight (kg)

71

70

72

71

80

79

79

(1)

3

3.0 CONTRACT SALES PERFORMANCE DAY 66 AS AT 21-06-2017

SEASONAL Mass sold(kg) Value(US$) Ave.price US$/

kg Rejection

% Bales laid Bales Sold Rejected

Bales Avg. Bale

weight Highest

Price Lowest Price

MTC

23,816,350

64,735,894 2.72 3.31% 366,469

354,345 12,124 67 5.80 0.10

NORTHERN

20,781,248

65,362,197 3.15 3.97% 236,905

227,494

9,411 91 5.50 0.10

PREMIUM

15,719,606

44,728,498 2.85 1.29% 210,990

208,278

2,712 75 5.60 0.10

ZLT

13,703,031

41,364,997 3.02 5.08% 172,474

163,718

8,756 84 5.50 0.10

CHIDZIVA 11,223,982

27,272,061 2.43 3.74% 149,255

143,675

5,580 78 5.60 0.10

TIAN ZE

10,511,767

47,415,531 4.51 11.75% 102,686

90,623 12,063 116 6.00 0.10

CURVERID

8,426,180

25,108,974 2.98 7.31% 117,141

108,583

8,558 78 5.60 0.10

ETHICAL LEAF

5,829,109

15,091,424 2.59 3.99% 84,250

80,890

3,360 72 5.40 0.10

ILT

5,037,374

10,618,481 2.11 0.00% 43,526

43,526 - 116 5.25 0.10

ZPTFA

3,994,180

11,178,427 2.80 4.47% 57,960

55,368

2,592 72 5.50 0.10

GOLD LEAF

3,673,144

11,518,600 3.14 4.81% 44,160

42,036

2,124 87 5.20 0.30

BOOSTAFRICA 3,434,368 6,361,537 1.85 3.00% 52,065

50,502

1,563 68 5.40 0.10

SHASHA

2,754,581

8,475,506 3.08 1.71% 33,403

32,831 572 84 5.40 0.20

AQUA

1,854,314

5,046,126 2.72 8.81% 27,610

25,178

2,432 74 5.20 0.20

PAMUKA

1,329,971

4,151,091 3.12 3.49% 17,431

16,823 608 79 5.70 0.20

KRATOS

847,408

2,258,288 2.66 8.89% 11,267

10,265

1,002 83 5.20 0.30

MUNAKIRI

494,822

1,370,740 2.77 13.31% 7,678

6,656

1,022 74 5.20 0.50

ONHARDT

396,646

1,112,358 2.80 6.23% 5,570

5,223 347 76 5.45 0.40

MAGUIRES

322,722

841,430 2.61 11.30% 3,592

3,186 406 101 5.40 0.10

TOTAL CONTRACT

134,150,802.60

394,012,161.10 2.94 4.31%

1,744,432

1,669,200

75,232 80 6.00 0.10

4

PROVINCE A1 A2 Communal Small Scale Comm 2017 2016 Variance

MASHONALAND WEST 11,915,065 13,166,651 20,152,644 4,290,943 49,525,303 48,273,070 3%

MASHONALAND CENTRAL 14,715,661 8,359,136 14,123,720 2,992,001 40,190,518 38,083,305 6%

MASHONALAND EAST 4,865,170 13,928,830 2,970,619 2,955,042 24,719,661 28,028,454 -12%

MANICALAND 6,746,228 4,846,741 4,748,256 2,161,022 18,502,247 15,905,764 16%

MIDLANDS 103,482 31,483 68,793 20,960 224,718 343,006 -34%

MASVINGO 4,660 5,549 6,315 3,864 20,388 20,559 -1%

MATEBELELAND 29,618 -100%

Grand Total 38,350,266 40,338,390 42,070,347 12,423,832 133,182,835 130,683,776 2%

PROVINCE A1 A2 Communal Small Scale Comm 2017 2016 Variance

MASHONALAND WEST

2,980,322 1,214,502 6,571,821 531,628 11,298,273 10,435,852 8%

MASHONALAND CENTRAL

3,634,828 828,642 4,790,461 558,183 9,812,114 12,267,771 -20%

MASHONALAND EAST

1,904,206 702,151 1,356,302 316,186 4,278,845 4,851,717 -12%

MANICALAND

2,089,326 346,765 1,371,609 344,608 4,152,308 3,163,872 31%

MIDLANDS

27,244 299 70,846 16,210 114,599 108,879 5%

MASVINGO

8,761 2,488 25,172 3,567 39,988 53,512 -25%

MATEBELELAND

2,779 2,779 1,150 142%

Grand Total

10,647,466 3,094,847 14,186,211 1,770,382 29,698,906 30,882,753 -4%

3.1 MASS DELIVERED BY PROVINCE - AUCTION

3.2 MASS DELIVERED BY PROVINCE - CONTRACT

5

3.3 BUYER’S PURCHASES DAY 66 AS AT 21-06-2017

BUYING CO: TSF BTF PREMIER TOTAL AUCTION CONTRACT PURCHASES TOTAL AVG PRICES

MASS USD MASS USD MASS USD MASS USD MASS USD MASS USD USD/KG

MASHONALAND

1,706,914 6,651,162

375,393

1,348,143 451,885

1,796,626

2,534,192

9,795,931

23,816,350

64,735,894

26,350,542

74,531,825

2.83

NORTHERN TOB. -

-

20,781,248

65,362,197

20,781,248

65,362,197

3.15

ZIMBABWE LEAF TOB.

3,929,215

11,137,703

1,299,991

3,285,069 1,241,793

3,621,789

6,470,999

18,044,561

13,703,031

41,364,997

20,174,030

59,409,558

2.94

PREMIUM

1,689,939 3,955,080

580,158

1,258,821 639,186

1,350,874

2,909,283

6,564,775

15,719,606

44,728,498

18,628,889

51,293,273

2.75

TIAN ZE

1,732,846 7,401,874

444,532

1,905,417 339,440

1,459,746

2,516,818

10,767,037

10,511,767

47,415,531

13,028,585

58,182,568

4.47

CHIDZIVA -

-

11,223,982

27,272,061

11,223,982

27,272,061

2.43

CURVERID -

-

8,426,180

25,108,974

8,426,180

25,108,974

2.98

PAMUKA

3,683,730 9,997,249

814,093

2,379,250 1,009,660

2,976,661

5,507,483

15,353,160

1,329,971

4,151,091

6,837,454

19,504,251

2.85

INTER-CONTINENTAL

1,104,569 2,986,806

337,896

772,541 141,935

249,023

1,584,400

4,008,370

5,037,374

10,618,481

6,621,774

14,626,851

2.21

ETHICAL LEAF -

-

5,829,109

15,091,424

5,829,109

15,091,424

2.59

ZPTFA -

-

3,994,180

11,178,427

3,994,180

11,178,427

2.80

GOLD LEAF -

-

3,673,144

11,518,600

3,673,144

11,518,600

3.14

BOOSTAFRICA

69,786 88,562

20,065

24,571 30,674

43,833

120,525

156,967

3,434,368

6,361,537

3,554,893

6,518,504

1.83

COUNRTY AGRO

1,861,617 3,614,077

501,939

945,637 676,777

1,294,173

3,040,333

5,853,887

3,040,333

5,853,887

1.93

SHASHA -

-

2,754,581

8,475,506

2,754,581

8,475,506

3.08

ACHIEVERS

2,232,356 6,948,097

2,232,356

6,948,097

2,232,356

6,948,097

3.11

AQUA -

-

1,854,314

5,046,126

1,854,314

5,046,126

2.72

VOEDSEL ENT.

1,041,094 2,609,051

264,433

674,679 190,757

492,542

1,496,284

3,776,271

1,496,284

3,776,271

2.52

KRATOS -

-

847,408

2,258,288

847,408

2,258,288

2.66

MAJESTIC TOB.

667,027

2,143,598

667,027

2,143,598

667,027

2,143,598

3.21

VISION LEAF 658,001

2,015,563

658,001

2,015,563

658,001

2,015,563

3.06

MUNAKIRI

494,822

1,370,740

494,822

1,370,740

2.77

ONHARDT

396,646

1,112,358

396,646

1,112,358

2.80

TORRY BLUE

3,321 7,698

8,118

23,091 34,005

89,022

396,646

1,112,358

396,646

1,112,358

2.80

MAGUIRES

322,722

841,430

322,722

841,430

2.61

GOOD HOPE GLOBAL

34,006 79,874

562

1,205

34,568

81,079

34,568

81,079

2.35

SAG CIVILS 18,225

42,926

18,225

42,926

18,225

42,926

2.36

GREEN LEAF 8,716

20,788

8,716

20,788

8,716

20,788

2.38

AMAZON TOBACCO

357

942

357

942

357

942

2.64

TOTAL

19,089,393 55,477,232 5,314,564

14,762,965 5,441,054

15,453,565 29,845,011 85,693,763 134,547,449 395,124,518 164,392,460 480,818,281

2.92

6

4.0 DAILY VOLUMES DELIVERY TREND — 2016 VS 2017

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

5,000,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65

Mass(kg)

Day

DAILY SALES VOLUMES

2017 Daily Sales 2016 Daily Sales

7

4.1 DAILY AUCTION SALES TREND — 2016 VS 2017

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65

Mass Kg

Day

DAILY AUCTION SALES VOLUME

2017 Auction 2016 Auction

8

4.2 DAILY CONTRACT SALES TREND — 2016 VS 2017

-

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65

Mass Kg

Day

DAILY CONTRACT SALES VOLUME

2017 contract 2016 contract

9

5.0 COMPARISON OF AUCTION AVERAGE PRICES FROM 2013- 2017

1.00

2.00

3.00

4.00

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65

USD PRICES

Daily Auction Price Comparison 2013 -2017

2017 Auction Price 2016 Auction Price 2015 Auction Price

Day

10

5.1 COMPARISON OF CONTRACT AVERAGE PRICES FROM 2013- 2017

1.00

2.00

3.00

4.00

5.00

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65

USD PRICESDaily Contract Price Comparison 2013 -2017

2017 Contract Price 2016 Contract Price 2015 Contract Price

Day

11

5.2 COMPARISON OF SEASONAL AVERAGE PRICES FROM 2013- 2017

12

6.0 COMPARISON OF DAILY REJECTION FROM 2015 - 2017

-

5

10

15

20

25

1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65

Daily Rejection Analysis 2015 - 2017

2015 % rejected bales 2016 % rejected bales 2017 % rejected bales

%

13

6.1 COMPARISON OF AUCTION SEASONAL BALE REJECTION BY PRICE AND OTHER DEFECTS - 2017

Defective Bales , 39,948, 8%

Price disputed Bales , 13,083,

3%

Bales sold, 418,893, 89%

2017 AUCTION

Defective Bales , 43,190, 9%

Price disputed Bales , 25,967,

5%

Bales sold, 434,986, 86%

2016 AUCTION

14

6.2 COMPARISON OF CONTRACT SEASONAL BALE REJECTION BY PRICE AND OTHER DEFECTS

Defective Bales , 58,292, 3%

Price disputed Bales , 16,446,

1%

Bales sold, 1,669,200, 96%

2017 CONTRACT REJECTED BALES

Defective Bales , 76,015 , 4%

Price disputed Bales , 15,191 ,

1%

Bales sold, 1,617,242 ,

95%

2016 CONTRACT REJECTED BALES

15

7.0 FCV TOBACCO REGISTRATIONS FOR 2016/17 AS AT 22 JUNE 2017

Province Communal Al A2 Small Scale Com 2016/17 2015/16 Variance

Mash West 21,635 11,410 2,778 2,053 37,876 31,292 21%

Mash Central 16,442 14,746 2,366 2,187 35,741 28,092 27%

Manicaland 4,541 6,416 912 1,090 12,959 10,889 19%

Mash East 3,733 5,420 1,553 1,187 11,893 10,532 13%

Midlands 178 40 6 17 241 333 -28%

Masvingo 45 21 9 5 80 148 -46%

Matabeleland - 2 3 - 5 5 0%

TOTAL 46,574 38,055 7,627 6,539 98,795 81,291 22%

16

7.1 NEW GROWERS FOR 2016/17 SEASON AS AT 22 JUNE 2017

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

MASH CENTRAL MASH WEST MANICALAND MASH EAST MIDLANDS MASVINGO MATABELELAND

7,9057,441

1,842 1,773

45 7 1

NEW GROWERS REGISTRATION BY PROVINCE 2017 VS 2016

2016/17 2015/16

Province Communal Al A2 Small Scale Com 2016/17 2015/16 Variance

Mash Central 3,647 3,821 259 178 7,905 3,927 101%

Mash West 4,420 2,619 267 135 7,441 4,136 80%

Manicaland 608 1,081 68 85 1,842 914 102%

Mash East 642 816 158 157 1,773 919 93%

Midlands 40 3 1 1 45 108 -58%

Masvingo 4 2 1 - 7 30 -77%

Matabeleland - 1 - - 1 2 -50%

TOTAL 9,361 8,343 754 556 19,014 10,036 89%

17

7.3 NEW GROWERS FOR 2017/18 SEASON AS AT 22 JUNE 2017

7.2 FCV TOBACCO REGISTRATIONS FOR 2017/18 AS AT 22 JUNE 2017

Province Communal Al A2 Small Scale Com Total

Mash Central 9,150 6,666 907 1,023 17,746

Mash West 9,737 4,429 937 777 15,880

Mash East 2,066 3,391 868 742 7,067

Manicaland 2,282 3,281 396 520 6,479

Midlands 64 16 3 6 89

Masvingo 10 19 5 2 36

Matabeleland - 2 - - 2

TOTAL 23,309 17,804 3,116 3,070 47,299

Province Communal Al A2 Small Scale Com Total

Mash Central 2,259 1,763 80 124 4,226

Mash West 2,932 476 48 38 3,494

Manicaland 574 861 51 73 1,559

Mash East 317 793 285 91 1,486

Midlands 8 2 - 2 12

Masvingo - 10 1 - 11

Matabeleland - 1 - - 1

TOTAL 6,090 3,906 465 328 10,789

18

7.4 NON CONTRACTED GROWERS WHO HAVE DELIVERED THEIR CROP

7.5 CONTRACTED GROWERS WHO HAVE DELIVERED THEIR CROP

PROVINCE A1 A2 Communal Small Scale Commercial 2016/17 2015/16 Variance

MASHONALAND CENTRAL 3,322 525 4,788 497 9,132 9,691 -6%

MASHONALAND WEST 2,456 673 5,222 391 8,742 7,410 18%

MASHONALAND EAST 1,868 456 1,311 345 3,980 3,871 3%

MANICALAND 1,921 254 1,332 260 3,767 2,809 34%

MIDLANDS 17 1 96 8 122 82 49%

MASVINGO 9 5 26 2 42 46 -9%

MATEBELELAND 2 2 3 -33%

Grand Total

9,595 1,914 12,775 1,503 25,787 23,912 8%

PROVINCE A1 A2 Communal Small Scale Commercial 2016/17 2015/16 Variance

MASHONALAND WEST 8,489 1,941 16,021 1,624 28,075 21,317 32%

MASHONALAND CENTRAL 10,921 1,784 11,406 1,666 25,777 16,740 54%

MANICALAND 4,210 587 2,968 737 8,502 5,576 52%

MASHONALAND EAST 3,148 964 2,034 761 6,907 4,823 43%

MIDLANDS 14 3 56 6 79 103 -23%

MASVINGO 5 4 11 3 23 22 5%

MATEBELELAND 1 -100%

Grand Total 26,787 5,283 32,496 4,797 69,363 48,582 43%

19

8.0 EXPORT PERFORMANCE BY COUNTRY AS AT 21 JUNE 2017

DESTINATION MASS(kg) USD USD/KG DESTINATION MASS(KG) USD USD/KG

1 CHINA 13,840,606 114,581,716 8.28 1 CHINA 20,352,637 164,718,879 8.09

2 BELGIUM 5,119,740 9,006,665 1.76 2 SOUTH AFRICA 9,563,497 27,316,210 2.86

3 SOUTH AFRICA 4,785,149 12,229,633 2.56 3 INDONESIA 2,595,272 12,381,706 4.77

4 UNITED ARAB EMIRATES 3,238,153 7,497,861 2.32 4 BELGIUM 2,492,440 12,026,768 4.83

5 INDONESIA 2,905,642 13,044,198 4.49 5 RUSSIA 2,267,321 7,382,161 3.26

6 KOREA 2,784,603 12,690,945 4.56 6 U.ARAB EMIRATES 2,095,420 5,061,263 2.42

7 RUSSIA 2,697,766 8,000,119 2.97 7 SUDAN 1,636,760 5,555,831 3.39

8 EGYPT 2,499,633 8,527,746 3.41 8 EGYPT 1,169,766 3,739,604 3.20

9 HONG KONG 2,151,900 13,200,778 6.13 9 VIETNAM 939,787 4,066,975 4.33

10 SUDAN 1,979,700 6,699,013 3.38 10 HONG KONG 698,400 2,514,852 3.60

11 VIETNAM 1,105,940 5,408,462 4.89 11 GERMANY 622,867 2,348,359 3.77

12 MOZAMBIQUE 895,260 450,829 0.50 12 TAIWAN 543,000 3,052,416 5.62

13 GREECE 886,200 3,677,601 4.15 13 NETHERLANDS 354,860 2,074,443 5.85

14 GERMANY 871,202 3,325,380 3.82 14 ARMENIA 277,200 873,180 3.15

15 UKRAINE 698,400 2,877,234 4.12 15 GREECE 230,967 714,419 3.09

16 ZAMBIA 684,240 1,896,892 2.77 16 KOREA 208,801 1,265,187 6.06

17 NETHERLANDS 611,800 4,168,266 6.81 17 UKRAINE 171,600 401,532 2.34

18 ARMENIA 514,206 2,047,954 3.98 18 THAILAND 158,400 38,586 0.24

19 ALGERIA 410,200 1,379,945 3.36 19 ZAMBIA 145,020 529,049 3.65

20 IRAN 396,000 2,079,000 5.25 20 ALGERIA 138,600 431,161 3.11

21 FRANCE 394,320 1,590,797 4.03 21 BOTSWANA 123,000 345,480 2.81

22 TURKEY 383,400 256,764 0.67 22 SWITZERLAND 100,800 537,768 5.34

23 GEORGIA 376,200 1,654,488 4.40 23 ROMANIA 78,130 132,071 1.69

24 CAMBODIA 356,251 1,534,400 4.31 24 MADAGASCA 72,240 312,077 4.32

25 INDIA 297,009 2,096,244 7.06 25 TANZANIA 69,000 340,170 4.93

26 SINGAPORE 280,800 1,046,376 3.73 26 BULGARIA 59,400 241,847 4.07

27 PHILIPPINES 238,825 78,313 0.33 27 JORDAN 59,400 247,104 4.16

28 ROMANIA 231,200 83,290 0.36 28 FRANCE 51,120 18,216 0.36

29 TUNISIA 200,000 740,680 3.70 29 SWEDEN 43,200 28,080 0.65

30 JORDAN 198,000 722,700 3.65 30 LITHUANIA 39,600 114,840 2.90

31 UNITED STATES 138,600 600,930 4.34 31 HUNGARY 39,000 99,288 2.55

32 TAIWAN 137,400 533,448 3.88 32 MALAYSIA 39,000 136,640 3.50

33 MALAWI 118,803 71,883 0.61 33 SLOVENIA 22,800 94,506 4.15

34 LEBANON 118,800 517,968 4.36 34 SERBIA 19,800 63,360 3.20

35 SERBIA 118,800 248,886 2.10 35 SINGAPORE 19,800 81,576 4.12

36 BOTSWANA 115,000 792,170 6.89 36 SEYCHELLES 17,198 10,163 0.59

37 CANADA 99,000 288,435 2.91 37 LESOTHO 12,040 67,978 5.65

38 PANAMA 99,000 425,700 4.30 38 NAMIBIA 11,761 49,161 4.18

39 YEMEN 99,000 351,450 3.55 39 INDIA 10,200 70,380 6.90

40 ISRAEL 88,800 388,344 4.37 40 GRAND TOTAL 47,550,104 259,483,286 5.4641 HUNGARY 76,800 126,684 1.65 41

42 HAITI 59,400 255,420 4.30 42

43 MADAGASCAR 48,160 199,632 4.15 43

44 UNITED KINGDOM 39,600 175,428 4.43 44

45 MAURITIUS 31,200 119,777 3.84 45

46 CHILE 19,800 128,106 6.47 46

47 CROTIA 19,200 44,244 2.30 47

48 HONDURAS 19,200 7,680 0.40 48

49 NIGERIA 19,200 18,420 0.96 49

50 SEYCHELLES 17,352 108,209 6.24 50

51 SPAIN 15,440 25,048 1.62 51

52 KENYA 6,000 14,400 2.40 52

53 GRAND TOTAL 53,536,901 248,036,550 4.63 53

2017 EXPORTS 2016 EXPORTS

20

9. SEED SALES AS AT 16 JUNE 2017

As at 17/06/16 Hectares As at 16/06/17 Hectares % Change

ZTSA Burley - 4

TRB Burley - -

- - 4 1

ZTSA Flue-cured 74,765 12,460.83 206,135 34,355.83

TRB Flue-cured 186,070 31,012 299,710 49,952

Total FC (g) 260,835 43,473 505,845 84,308 93.9