After a good planting season and improved baking methods, tobacco farmers in Zimbabwe are expecting high sales prices for their product this year.
Rodney Ambrose, CEO of the Zimbabwe Tobacco Association, stated that the assessment of tobacco crops so far was expected to increase both yield and quality. This view is agreed upon by many contractors. It is anticipated that the average price for this quarter will be stronger.
The demand for tobacco is rising, which is expected to help increase the average price of tobacco.
The President of the Zimbabwe Commercial Farmers Union, Shadreck Makombe, has stated that tobacco farmers anticipate high prices due to the exceptional quality of their crops. He advises farmers to process their tobacco appropriately and encourages them to save their funds for next season's operational capital, rather than spending extravagantly.
According to Makombe, "An 85% increase in foreign exchange reserves will certainly lead to more money in the pockets of farmers.
Reference: Zimbabwean farmers expect high prices.
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