HARARE – The Tobacco Industry and Marketing Board (TIMB) has banned the non-public sale of non-contract tobacco warning that each one free-funded tobacco in Zimbabwe shall be bought via the public sale system this yr.
Farmers within the nation both self-finance or contract their tobacco manufacturing.
Under contract farming tobacco farmers agree to provide tobacco for a particular purchaser (often a processing firm), with the client offering vital inputs like seeds, fertilizer, and technical help, in trade for buying the complete tobacco harvest at a predetermined value.
This is usually used to facilitate entry to credit score and markets for smallholder farmers within the nation; this technique has develop into a key a part of Zimbabwe’s tobacco business, notably following land reforms that expanded the smallholder farmer base.
TIMB chief govt officer (CEO) Emmanuel Matsvaire stated; “we challenge all the 55 licenced merchants this season that there is no room to buy free tobacco outside auction floors.”
The Tobacco Industry and Marketing Board is a regulatory and advisory statutory board whose capabilities embrace controlling and regulating the rising, advertising and marketing and exporting of tobacco in Zimbabwe.
In 1936, via the Tobacco Marketing and Levy Act, the Tobacco Marketing Board was fashioned ensuing within the promoting of tobacco via the Auction Floors and, later, Contract flooring (from 2004).
The Tobacco Marketing and Levy (Amendment) Act of 1997 noticed the Tobacco Marketing Board being renamed to the Tobacco Industry and Marketing Board.
The Board caters for the pursuits of all lessons of several types of tobacco growers, patrons and different stakeholders.
