Tobacco auction faces collapse

TOBACCO sales at the auction floors are declining each year, with latest data showing they only constituted 5% of total delivered crop, raising concern over the future of the country’s oldest marketing model.

According to figures from the Tobacco Industry Marketing Board (TIMB), the country’s auction floors that include Tobacco Sales Floor, Boka Tobacco Floor and Premier Tobacco Floor have altogether received 5% of total crop delivered as of day 57 of opening of sale.

In Zimbabwe, tobacco is sold via auction and contract floors.

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