Harare — The Tobacco Industry and Marketing Board (TIMB) says tobacco prices in Zimbabwe are beginning to stabilise after an early-season shock that saw some bales selling for as little as US$0.35 per kilogram, despite the first bale fetching US$4.60 per kilogram at the start of the 2026 marketing season.

Zimbabwe’s tobacco auction floors will officially open to buyers on 4 March 2026, with authorities confirming that all farmers have been paid for last season’s deliveries. The announcement was made by Emmanuel Matsvaire, chief executive officer of the Tobacco Industry and Marketing Board (TIMB), while giving oral evidence before the Parliamentary Portfolio Committee on Lands and Agriculture.