tobacco queues.jpgCash constraints have once again hit several banks operating at some of the country’s auction floors leading to an outcry by tobacco farmers who are now forced to spend days waiting for their money.

 

The sudden increase in volumes of tobacco being delivered to the auction floors has led to cash shortages with farmers complaining over delays they are now being subjected to.

Some farmers who spoke to ZBC News at the Millennium Tobacco Auction Floors said despite receiving their cheques on time, they are now forced to spend most of their time waiting to access their money as banks sometimes run out of cash.

Commenting on the issue, Millennium Tobacco Auction Floors Chief Executive Officer, Mr. Richard Chabata said this is a temporary development which has been caused by the sudden increase in volumes of the crop being delivered.

He said they are working together with banks to ensure that cash would be readily available for the convenience of farmers.

Last year tobacco growers were forced to spend several days at the auction floors after banks which were operating at the auction floors constantly ran out of cash.