Zimbabwe’s 2025 tobacco selling season kicked off in Harare on Wednesday, with the first bale selling for US$4.65, a notable improvement from the US$4.35 recorded in 2024.
Speaking at the official opening of the selling season, Tobacco Industry Marketing Board (TIMB) Chairman Patrick Davenish announced that 32 buyers and 43 contractors are purchasing from 56 selling points across Zimbabwe. He said:
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The Board has also approved decentralised contract sales to be conducted at 56 selling points and 7 centres. Concerning payment modalities, the Reserve Bank of Zimbabwe (RBZ) advised that the foreign currency retention for tobacco is 70% in line with the retention level for other market players. This means that 30% will be paid in local currency.
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However, farmers have raised concerns that all farming inputs are sold exclusively in United States dollars.
Some farmers are in debt to suppliers in USD, but with 30% of their earnings paid in local currency, they find themselves in a difficult position.

Pindula News

Zimbabwe's 2025 tobacco selling season started with higher prices than last year. The first bale sold for US$4.65. There are 32 buyers and 43 contractors buying from 56 selling points across the country. The Reserve Bank of Zimbabwe advised that 70% of earnings will be in foreign currency, with the rest in local currency. However, farmers are worried because they must buy all farming supplies in USD, but only get 30% of their earnings in local currency. This puts them in a tough spot financially.

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