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*Tobacco Marketing Season Starts On 7 April* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vd The 2021 tobacco marketing season will open on 7 April, an official has revealed. In a letter addressed to stakeholders, Tobacco Industry Marketing Board (TIMB) chief executive, Andrew Matibiri said: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > All stakeholders are advised that the 2021 auction tobacco marketing season opens Wednesday, April 7, 2021. Contract Tobacco Sales will open on Thursday, April 8, 2021. Normally, the tobacco marketing season opens in February, but the coronavirus crisis could have affected the dates for this year. Meanwhile, tobacco farmers will be paid 60 per cent of their proceeds in foreign currency, with 40 per cent being in local currency. Last year farmers were paid 50 per cent of their proceeds in US dollars with the other 50 per cent being in Zimbabwe dollars. Responding to questions in Parliament recently, Lands, Agriculture, Fisheries, Water and Rural Resettlement Minister, Anxious Masuka, said: > The Reserve Bank has put in measures to the effect that there is going to be the same treatment to everyone who is exporting produce so that tobacco farmers are happy because they are going to get 60 per cent of the US dollar component. In 2020, tobacco farmers were not happy after the RBZ insisted on paying for their crop using the official exchange rate of US$1: ZWL$25, which was prevailing at the time. Currently, the official exchange rate is at US$1:Z$84 but far below the alternative exchange rate of US$1:Z$120. *More: The Herald* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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