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PostHeaderIcon Opening of 2010 Marketing season

NOTICE OF THE OPENING OF THE 2010 MARKETING SEASON


The TIMB advises tobacco growers and other stakeholders that the 2010 flue-cured tobacco auction sales will start on Tuesday 16th February 2010 and contract sales on Wednesday 17th February 2010.

Sales Bookings will be opened on Thursday 4th February 2010 and deliveries accepted from Thursday 11th February 2010.

Initially, the auction sales will be conducted twice a week (Tuesdays and Fridays) while contract sales will depend on deliveries.

Two auction sales floors have been licenced to operate, and these are: -

1. Tobacco Sales Floor Limited (TSF), and,
2. Zimbabwe Industry Tobacco & Auction Centre (ZITAC).

The commencement of Burley and Oriental tobacco sales will be advised in due course.

For any additional information please contact TIMB on Telephone numbers 2911065/7/8/9 or 0912125134, or E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Last Updated (Tuesday, 02 February 2010 06:28)

 

PostHeaderIcon PROCEDURES FOR THE SALE OF FLUE-CURED TOBACCO UNDER THE DUAL (CONTRACT AND AUCTION) SYSTEM IN 2010

PROCEDURES FOR THE SALE OF FLUE-CURED TOBACCO UNDER THE DUAL (CONTRACT AND AUCTION) SYSTEM IN 2010

1.0 PREAMBLE

The dual system will be operating in 2010 for the fifth successive season. While 72% of the national tobacco crop was sold through the contract system last year, it is anticipated that up to 57% of the total 2010 crop will be sold through the contract system.

Auction sales are set to commence on Tuesday 16th February 2010 with contract sales starting on Wednesday 17th February 2010. The sales commence at 7:30 am and end at 1:00 pm. Bookings will be opened on 4th February 2010 and deliveries to selling points will start on Thursday 11th February 2010.

To ensure orderly marketing, growers producing for auction will sell their entire production through auction sales. As is usual more than one contractor could have funded a contracted grower. Accordingly, an agreed arrangement of sharing the crop amongst contractors and loan recovery from contract growers will be operated. However, the overriding principal will be that contractors will be obliged to purchase tobacco equivalent to the level of indebtedness of the grower. Thereafter transactions will be by mutual consent of the parties involved.

Last Updated (Monday, 22 February 2010 11:57)

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