Zimbabwe’s Tobacco Auction to Start April 29 After Virus Delay
Zimbabwe’s tobacco auction will start April 29 after delays because of the coronavirus pandemic.
The Tobacco Industry and Marketing Board said banking facilities won’t be available at the sales floor as part of measures to be followed by farmers, merchants and auction houses.
“No farmer will be allowed to deliver tobacco for sale for more than a week,” it said. “Any tobacco sales point that fails to adhere to these guidelines will be closed immediately.”
The auction season was scheduled to start April 22.
Tobacco is Zimbabwe’s biggest agricultural export, earning the southern
African country as much as $750 million annually, or about a quarter of all export income.
©2020 Bloomberg L.P.