Some tobacco farmers against selling their tobacco using prices quoted in Zambian Kwacha.

Some tobacco farmers in Eastern Province are against selling their tobacco using prices quoted in the Zambian Kwacha.
Speaking to Breeze News the farmers say that this is because the exchange rate for the Zambian Kwacha against other convertible currencies is currently not stable.
Former EFAZ, Eastern Fodya Association of Zambia Provincial vice Chairperson, Chishala Chilufya says farmers want merchants to use the United States dollar.
Mr. Chilfuya explained that farmers, who collected inputs on loan from merchants, are also worried that they will lose out when paying back.
Last year the Zambian government banned quoting of prices in foreign currency.
Tobacco Board of Zambia TBZ is currently reported to be negotiations with government asking that the US dollar be used during this year’s crop marketing.

Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.