Tobacco Auction Floors In Zimbabwe 2020

Tobacco association of zimbabwe president george seremwe said there was need for government intervention to support farmers to be self reliant and save tobacco auction floors from collapse.

Tobacco auction floors in zimbabwe 2020. Dr matibiri said 17 percent of the total sales were realised at the decentralised auction floors in karoi mvuri and rusape. Tobacco farmers are losing thousands of dollars from unscrupulous middlemen who offer them low prices for their golden leaf outside the auction floors in the capital zim morning post has learnt. The 2020 tobacco auction season closed on august 28. Tobacco deliveries have reached 181 million kg as contract floors continue to receive deliveries despite the curtain coming down on the selling season for auction floors late last month.

Statistics from timb shows that auction floors received only seven million kilogrammes of the golden leaf valued at us 19 4 million way below 140 million kg valued us 339 5 million sold via contract floors. In zimbabwe tobacco is sold via auction and contract floors. The tobacco industry and marketing board timb has urged farmers to deliver their crop thrice a week at the auction floors as the marketing season heads towards closure. In 1936 through the tobacco marketing and levy act the tobacco marketing board was formed resulting in the selling of tobacco through the auction floors and later contract floors from 2004.

1994 saw the board reconstituted to cater for the interests of all classes of different types of tobacco growers virginia burley oriental and dark. Tobacco merchants and sellers negotiate at boka auction floors in harare zimbabwe on aug. Tobacco selling season draws to an end newsday zimbabwe. The 2020 tobacco marketing season opening has been pushed to wednesday after it had officially been slated for april 22 zim morning post has learnt.

This year there were 31 contract floors registered to buy tobacco. The 2020 tobacco marketing season has opened with a new auctioning system of buying tobacco to encourage competitive buying and accommodate social distancing in the wake of covid 19 pandemic. The tobacco industry and marketing board said it will announce the clean up sale dates this month. Tobacco in zimbabwe is sold through auction and contract arrangements with the selling season traditionally beginning in march.

1 august 20 2020 2 05 am. Tobacco selling season draws to an end. All set for tobacco auction floors opening.