HARARE – At least 40 520 bales of tobacco have been rejected at auction and contract sales floors since the start of the 2017 marketing season, a 28,4 percent jump from the 31 539 bales rejected during the comparable period last year, statistics that the regulator released show.
Statistics that the Tobacco Industry and Marketing Board (TIMB) released on day 21 of sales show that the majority of the rejected bales were from contract sales at 23 540 while the remainder were rejected at auction floors.
Tobacco is rejected at thepoint of sale for various reasons chief among them being overweight, underweight, badly handled (too wet or too dry), mouldy or farmers can reject the price offered.
TIMB public relations and communications manager Isheunesu Moyo however told New Ziana that there was nothing amiss about the high number of rejected tobacco bales.
“Deliveries this season are much higher compared to last season hence the high number or rejected tobacco as well. Reasons for rejection of tobacco range from mouldy or wet and such tobacco is sent back for re-handling. Farmers can also reject a price,” he said.
So far, at least 671 212 bales have been laid for sale, up from 444 265 bales laid during the comparable period last year.Of that total, at least 630 692 bales have been sold through both the auction and contract systems.
Meanwhile, the TIMB said 46,9 million kilogrammes of the golden leaf worth $125, 8 million have been sold since the beginning of the marketing season this year.
The tobacco is being sold at an average price of $2,68 per kg.Zimbabwe anticipates an output of 202 million kg of tobacco during the 2016/17 selling season.
Export destinations for Zimbabwean tobacco include Belgium, United Arab Emirates, China, Sudan, Hong Kong, Indonesia, Philippines, United Kingdom, Spain, New Zealand, Montenegro and Russia. – New Ziana