BUSINESS NEWS

Agritex, farmers clash over over tobacco stalks

TOBACCO farmers have been urged to take heed of expert advice and destroy tobacco stalks on time in order to safeguard future high yields. In an interview with The Herald recently, an Agritex officer ...

By Staff reporter | Published: 16 July 2018

BUSINESS NEWS

Tobacco fails to deliver Zim forex relief

IH Securities says the economy is yet to feel the impact of the tobacco export proceeds despite being over 90 days into the season.In IH Securities outlook for the month released recently, the local f...

By Staff reporter | Published: 13 July 2018

LANDS & AGRICULTURE

Virginia tobacco exports reach $184m

Zimbabwe has so far earned $184,3 million after exporting 45,2 million kg of tobacco to 49 countries, a setback of 76 million on export earnings realised during the same period last year. According to...

By Staff reporter | Published: 11 July 2018

LANDS & AGRICULTURE

Zim tobacco output hit all-time high

Eighteen years after the collapse of Zimbabwe's agriculture sector in the wake of former President Robert Mugabe's land grab programme, tobacco production has hit a record 207 million kg, with black f...

By Staff reporter | Published: 04 July 2018

LANDS & AGRICULTURE

Zimbabwe hosts tobacco growers' indaba

About 75 delegates from five tobacco-growing countries converge in Harare today to discuss challenges and threats facing the sector.The delegates will be drawn from Zimbabwe, Malawi, South Africa, Tan...

By Staff reporter | Published: 26 June 2018

LANDS & AGRICULTURE

Tobacco sales increase marginally

TOBACCO sales have recorded a 28,3 percent increase so far, raking in $592,3 million compared to $461,6 million earned during the same period last year.Latest data from the Tobacco Industry and Market...

By Staff reporter | Published: 26 June 2018

LANDS & AGRICULTURE

Tobacco output surpasses 200 million kgs

Tobacco sales breezed past 200 million kg on Tuesday, earning $583 million owing to the introduction of export incentives and improved agronomic practices last year, an official has said.During the co...

By Staff reporter | Published: 22 June 2018

LANDS & AGRICULTURE

Zim to surpass 200m kg tobacco output

Zimbabwe is likely to surpass the 2017 /18 targeted tobacco output of 200 million kilogrammes, given that farmers have already delivered 190 million kgs, with over 50 days to go before the marketing s...

By Staff reporter | Published: 18 June 2018

LANDS & AGRICULTURE

Tobacco farmers gross over $500m

Tobacco farmers have grossed $515,1 million from 177,8 million kilogrammes that have been delivered 52 days into the 2018 marketing season, a gain of more than $95 million on revenues realised during ...

By Staff reporter | Published: 12 June 2018

LANDS & AGRICULTURE

'Tobacco set for record outturn,' says Equity Axis

ZIMBABWE's tobacco output is poised for a record outturn, with produce that has so far gone through the sales floors reaching 73 percent of target, an advisory firm has said.Equity Axis, one of the co...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

$400 million worth of tobacco sold

NEARLY $400 million worth of tobacco has so far been sold at the auction floors since the beginning of the marketing season in March, official figures show.The Tobacco Industry and Marketing Board (TI...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

Legal battle looms as tobacco farmers fleeced

Private tobacco farmers could have been prejudiced nearly $4 million by contractors who fraudulently contracted them and bought their commodity at low prices. This comes after the Zimbabwe Farmers Uni...

By Staff reporter | Published: 18 May 2018

LANDS & AGRICULTURE

Tobacco sales top 100 million kg

Over 100 million kilogrammes of tobacco worth $289,8 million have been sold by farmers since the opening of the season.The tobacco was sold at an average price of $2,87 per kilogramme. According to th...

By Staff reporter | Published: 16 May 2018

LANDS & AGRICULTURE

Tobacco cash flows fail to improve liquidity

Foreign currency raised from this year's tobacco sales has not improved Zimbabwe's liquidity position because of the significant increase in the fuel import bill caused by a hike in international oil ...

By Staff reporter | Published: 14 May 2018

BUSINESS NEWS

RBZ releases $450k daily for tobacco farmers

The Reserve Bank of Zimbabwe (RBZ) says it is disbursing $450 000 daily to banks with branches at tobacco auction floors to ensure farmers access cash.This comes following an outcry from farmers who a...

By Staff reporter | Published: 08 May 2018

LANDS & AGRICULTURE

Tobacco merchants face prosecution

In an unprecedented move, farmer representative bodies are combining efforts to bring to book tobacco contracting firms that are allegedly prejudicing tobacco farmers of millions of dollars, The Heral...

By Staff reporter | Published: 04 May 2018

BUSINESS NEWS

Tobacco prices firm on floors

Tobacco prices obtaining at the floors this year are better than last year with associations attributing the trend to stiff competition by buyers.Tobacco Industry and Marketing Board TIMB statistics s...

By Staff reporter | Published: 03 May 2018

BUSINESS NEWS

Tobacco farmers earn $164 million

Tobacco farmers have received $163,8 million after delivering 58,3 million kg to the floors during the first 25 days of the 2018 tobacco marketing season giving them a price rise of 3,6 percent.In 201...

By Staff reporter | Published: 02 May 2018

BUSINESS NEWS

Police declare war on tobacco thieves

Harare police are on high alert to quell operations of criminals who target and pounce on unsuspecting farmers transporting tobacco to the auction floors. Over the past few years, farmers have lost to...

By Staff reporter | Published: 23 April 2018

LANDS & AGRICULTURE

Tobacco farmers hail payment in forex

Tobacco farmers have welcomed Government's decision to pay them part of their money in foreign currency.The growers are entitled to a cash withdrawal of $300 per sale from banks operating at the aucti...

By Staff reporter | Published: 17 April 2018

LANDS & AGRICULTURE

Tobacco farmers' deal turns sour

Tobacco contracting firm, Agritrade Leaf Tobacco, is in the eye of a storm after it allegedly deducted insurance premiums from farmers without prior contractual agreements.The premiums were submitted ...

By Staff reporter | Published: 16 April 2018

BUSINESS NEWS

Slow processing of payments irks tobacco farmers

Tobacco farmers are complaining over delays in the processing of their payments at the auction floors in Harare, resulting in most of them spending days camped at the floors.They said their cheques we...

By Staff reporter | Published: 13 April 2018

LANDS & AGRICULTURE

Tobacco hits $25m in sales

TOBACCO sales have reached $25.8 million from 8.9 million kilogrammes delivered at the auction floors since the start of the marketing season on March 21, official figures show.During the comparable p...

By Staff reporter | Published: 12 April 2018

LANDS & AGRICULTURE

Tobacco farmers net $34m

The 2018 tobacco sales have reached 12, 2 million kilogrammes with growers earning $34 million in 11 days. Zimbabwe's tobacco marketing season opened on March 21 and is expected to continue until the ...

By Staff reporter | Published: 11 April 2018

BUSINESS NEWS

Tobacco farmers get $25m in 9 days

Tobacco farmers have grossed $25,8 million from 8,9 million kg of the golden leaf delivered, nine days into the 2018 marketing season.In 2017, farmers had delivered 10,4 million kilogrammes worth $26,...

By Staff reporter | Published: 09 April 2018
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