Home / Knowledge / News / Textiles / Zimbabwean farmers urged to sell cotton at current prices
Zimbabwean farmers urged to sell cotton at current prices
20
Jun '11
Cotton cultivators in Zimbabwe have been asked to sell their produce at current price levels, by the Zimbabwe Commercial Farmers Union (ZCFU).

The ZCFU has given this call after a drop in cotton prices from US$ 0.85 cents per kg to US$ 0.75 cents per kg, due to a sharp fall in international lint prices last month from US$ 2.37 per pound to US$ 1.64 per pound.

Several cotton growers in Zimbabwe have held back their produce in expectation of earning higher returns, but they have not met the desired results as the prices have started declining.

Experts are now advising cotton cultivators to sell their produce rather than holding back the same, as prices are likely to fall further. They say that if the prices continue to decline, cotton farmers who are holding the crop may make losses.

It was after several meetings and consultations that the ginners, farmers unions, merchants and officials of the Agricultural Marketing Authority arrived at a consensus on the price to be paid for the crop. The new lower price would still allow the cultivators to reap profits, said ZCFU.

The experts, however, add though the farmers are still on the safer side even after the lowered price, they should keep an eye on the market trends.

The cotton cultivators, however, allege that the buyers are pretty fast at reacting to fall in the international prices and swiftly reduce the prices for procuring from domestic producers, but they do not act at the same pace when the international prices rise.

Farmers also allege that they are apprised of the global conditions only when the prices drop.

ZCFU, meanwhile, has stated that the present trend of declining prices in the international market cannot be permanent. The fluctuations in prices occur due to demand-supply law and the situations always keep on changing. It has also asked merchants to not to cash in on the present situation and lower the prices further.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Top executives
Textile industry

The foremost issue is bridging the skill gap

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search