NewZimbabwe.com – The Zimbabwe News You Trust is Zimbabwe’s leading online newspaper and published by New Zimbabwe Media Ltd. The platform brings you the latest breaking News, Business, Showbiz, Sports, Diaspora and gives you everything you’ve come to expect and love.
April 26, 2021 Alfred Chauwa-Nyasa Times 3 Comments
Agriculture minister Lobin Lowe has expressed fury over the high rejection rate currently at 72 percent.
Lowe expressed the concern in Limbe Blantyre, when he presided over commissioning of this year’s Limber Auction Floors tobacco marketing season.
The agriculture minister said his Ministry has since summoned all stakeholders to discuss the problem and that he that a lasting solution will be found.
“We are worried with the rejection rate that is why will be meeting with buyers and other,” said Lowe.
Agriculture Minister Robin Lowe at Auction Floors
Lowe has since urged farmers to ensure quality of tobacco is up to date, in order for them fetch more on their tobacco saying buyers are so strict now.
Agriculture minister Lobin Lowe has warned Tobacco buyers against buying Tobacco way below recommended Minimum prices.
Speaking when he opened Chinkhoma Auction Floors in Kasungu, Lowe said Government is expecting that the prices will be good this year because the volume of tobacco produced this year is low.
Agriculture Minister Robin Lowe at Auction Floors
Lowe said: “You know the theory of supply and demand, which says when the supply is low the demand becomes high translating into higher prices and high supply triggers low demand, which translate into low prices.
“Now this year we are expected to realised 120 Million Kilograms of Tobacco which is below what is required on the market for your information the demand is at 133 Million Kilograms. ” added Lowe.