Zimbabwe’s 2021 tobacco auction selling season will end on July 14, while contract sales will continue until further notice, the Tobacco Industry and Marketing Board (TIMB) announced Friday.
The marketing season for the golden leaf started in early April under strict observance of laid down COVID-19 regulations.
“All stakeholders are advised that the 2021 auction flue-cured tobacco marketing season will close on Wednesday 14 July 2021 with final deliveries being accepted on Tuesday 13 July 2021,” the TIMB said.
“All growers who sell on auction floors are therefore advised to complete their grading and operations by Monday 12 July 2021 at the very latest.”
The industry regulator said the clean-up sale for the flue-cured auction tobacco will be conducted on Aug. 5 and depending on the volume of deliveries, the clean-up sale may be continued for more than one day until all delivered tobacco has been sold.
“Because of the volumes that are still being received, contract sales will continue until further notice,” the TIMB said.
As of July 6, Zimbabwe had sold 182.6 million kg of tobacco leaf worth about 500 million U.S. dollars.
The industry is expecting about 200 million kg of tobacco leaf to be sold this season, compared to 180 kg valued at 452 million dollars sold last year.
Tobacco is one of Zimbabwe’s major foreign currency earners.
Tobacco production in Zimbabwe is now mainly funded by private contractors, who supply farmers with inputs, working capital and technical expertise. Enditem