- Day 9 (27-MAR-17): Seasonal Mass: 10,255,136kgs. Seasonal Average: $ 2.53
Our History in Brief
In 1936, through the Tobacco Marketing and Levy Act, the Tobacco Marketing Board (now the Tobacco Industry and Marketing Board, after the Tobacco Marketing and Levy (Amendment) Act of 1997) was formed resulting in the selling of tobacco through the Auction Floors and, later, Contract floors (since 2004); under the subsequently renamed Tobacco Marketing and Levy Act [Chapter 18:20]. The amended Act also brought about a change in the collection of levies, which are now paid to the Ministry of Agriculture instead of recognized Growers’ and Buyers’ Associations.
1994 saw the Board reconstituted to cater for the interests of all classes of different types of tobacco growers (Virginia, Burley, Oriental and Dark-Air Cured) and buyers and other stakeholders. In the same year, indigenous buyers started participating for the first time in competition with traditional buyers.
From the 2004 selling season the growing and marketing system was changed with the introduction of contract growing and marketing of tobacco. Tobacco selling in Zimbabwe was done exclusively through auctions whereby tobacco producers took their crop to an auction floor of their choice for its marketing. Under this system, the grower is responsible for mobilizing the necessary cropping resources on his own. When ready for sale the tobacco was delivered to an auction where the highest bidding buyer secured the produce. The buyer took no risk in the production process. Contract growing and marketing departs from this arrangement, in that the buyer provides the inputs required for tobacco production, with the buyer guaranteeing to buy all the tobacco contracted at prices (per grade) equal to or higher than those prevailing on the auction floors.
Functions of the Board
The Tobacco Industry and Marketing Board is primarily a regulatory and advisory statutory body. In terms of the Tobacco Industry and Marketing Act [Chapter:18:20], the functions of the Board shall be: -
• to control and regulate the marketing of tobacco in Zimbabwe;
• to promote, project and maintain the sale of tobacco;
• to collate statistics relating to the provision, marketing, manufacture and consumption of tobacco;
• to distribute market studies and information relating to the marketing, manufacture and consumption of tobacco;
• to advise the Minister of Agriculture, Mechanization and Irrigation Development on all matters relating to the marketing of tobacco; and
• to do all such things which the Act or any other enactment requires the Board to do.
Services offered by the TIMB
• Administration and control of the tobacco delivery system.
• Arbitration and sales supervision at auction floors in order to maintain orderly marketing.
• Classification of tobacco from which statistical information is derived and reports published, our website is www.timb.co.zw
• Collating and distributing information on production, consumption, manufacture and export tobacco.
• Conducting crop assessment surveys to determine crop yield potential and quality composition of the crop in advance of the selling season.
• Granting of export permits.
• Licencing of tobacco buyers, auction floors and commercial graders.
• Monitoring and ensuring timeous and efficient shipment of tobacco exports.
• Monitoring the control of tobacco pests to ensure exportation of tobacco free from pesticide residues.
• Registration of all types of tobacco growers.