The Tobacco Industry and Marketing Board (TIMB) has urged growers to remain calm amid concerns over low prices at the start of the marketing season. According to TIMB, the situation has stabilized, with encouraging price improvements recorded at auction and contract floors.
The regulator attributed the initial price dip to early season opening and limited buyer participation, rather than structural market issues. With contract floors now operational, prices are expected to firm up as buyer engagement increases.
TIMB prioritizes grower welfare, monitoring market developments to ensure competitive integrity and fair prices. No complaints were received during today’s sales on the floors, a sign that prices are firming up. The TIMB board encouraged farmers to allow market dynamics to play out.
