Some tobacco bales went for a laughable US$0.35 per kilo right after Zimbabwe's 2026 selling season kicked off, and farmers were furious.
Zimbabwe's tobacco season opens rough
Zimbabwe's tobacco season opens rough
- TIMB's first bale sold at US$4.60 per kilo.
- Last year's opener clocked in at US$4.65.
- Rock-bottom prices had growers questioning production costs.
- Global oversupply got most of the blame.
- Early floor openings and low buyer turnout tanked prices.
- Contract floors opening brought some price stability back.
- Northern Tobacco's floor reportedly logged zero complaints.
- TIMB vowed to crack down on anti-competitive behavior.
