Commercial Farmers' Union of Zimbabwe

Commercial Farmers' Union of Zimbabwe

***The views expressed in the articles published on this website DO NOT necessarily express the views of the Commercial Farmers' Union.***

Cotton prices increased by 200%

Cotton prices increased by 200%

Written by Ngoni Chanakira
Wednesday, 20 April 2011 12:01

HARARE  – ZIMBABWE’S struggling cotton farmers are smiling all the way to 
their commercial banks after the Minister of Agriculture, Dr Joseph Made 
gave them a 200 percent hike for their “white gold”.

Cotton prices have been increased from the paltry US$0,30 per kilogramme to 
US$1, a more than 200 percent hike for the cash-strapped farmers who had 
regularly complained to the minister.

In the region, cotton farmers are paid between US$0,80 and US$0,90 which 
makes local cotton farmers the best paid.

“In Malawi, for example, cotton farmers are currently getting US$0,80 while 
in South Africa they get US$0,90 per kilogramme,” an official from the 
Cotton Marketing Board (CMB) said in an exclusive interview.

Farmers interviewed said they welcomed the price hike which would go a long 
way in solving their production costs which were escalating annually.

“We pay a lot of money for such items as fertiliser and inputs,” a communal 
farmer said in an interview.

“So, this US$1 will go a long way in trying to solve our cash problems. The 
money is very welcome but it has come a bit late.”

The official from the cotton organisation said now that the price had been 
increased he hoped production would go up from the current 20 percent 
especially from communal farmers.

While it is very expensive to produce cotton prices are generally low even 
on the international arena where the majority of the cotton produced is sold 
in Liverpool in the United Kingdom (UK).

Zimbabwe produces among the best quality cotton lint in the world and such 
designer label shirts including Van Heusein being made in the country but 
sent to the UK for labelling.

The majority of the cotton is sold by the Cotton Company of Zimbabwe Limited 
(Cottco) and Quton (Private) Limited, a private player in the industry.

Most of Zimbabwe’s cotton is hand-picked as opposed to mechanisation done 

“This makes the quality of our cotton to be very high and attractive,” the 
official pointed out.


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