tobacco floors sale.jpgThe Zimbabwe Commercial Farmers Union has urged the Tobacco Industry and Marketing Board to license buyers with adequate cash to cater for the whole tobacco selling season.

This is to ensure that farmers are not prejudiced when some buyers withdraw from the market once they exhaust their money.

The ZCFU says the Tobacco Industry and Marketing Board must license more buyers with adequate money to increase competition and ensure that farmers are not disadvantaged when some of the buyers withdraw from the market.

The ZCFU Chief Economist and Head of Commodities Mr. Peter Gambara said the TIMB should lure more buyers in the sector to address the current scenario where farmers are offered lower prices making it difficult to break even.

He said: “We are deeply concerned about the events unfolding at the auction floors. We urge the TIMB to ensure that they lure more buyers with adequate money to last the whole season to ensure competition. Some of the buyers we currently have has a targeted number of kilogrammes once they are enough they withdraw.”

The average prices of flue-cured tobacco have drastically gone down to below $2 down from around $3 since the opening of the floors in February.

Last week, business briefly came to a halt at the auction floors after prices went as low as less than a dollar per kilogram a situation which led farmers to boycott.