Home / Knowledge / News / Textiles / Race for Zimbabwean cotton intensifies
Race for Zimbabwean cotton intensifies
22
Nov '11
The fight for Zimbabwe's cotton continues to get acute as newer firms join the race to serve as contractors for seed cotton for the ongoing season.

In all 14 companies – Cargil, Sino Zimbabwe, Cotton Company of Zimbabwe, Olam, Alliance, Parrogate, Viridis, Romsdal, Insing, Grafax, CottZim, Fahad, Jimmac Zimbabwe Cotton and Southern Cotton Company – have registered themselves to serve as seed cotton contractors for 2011-12 season.

Serving as contractors, these firms would distribute seeds required by farmers for undertaking cotton cultivation, by setting up distribution points across the country, the Agricultural Marketing Authority (AMA) said.

As stated by AMA, Zimbabwe's cotton consumption till October 31 this year came to be 249.904 million kg as against the consumption of 93.44 million kg during the corresponding period of last year.

Zimbabwe's cotton exports are expected to grow by 20 percent from last year's 326,400 bales to 408,000 bales during this fiscal. The rise in exports is greatly supported by a rise in production which is attributable to legislative reforms that have brought stability to the sector.

The new laws aided establishment of a more transparent and stable legal framework governing trade relations between the cotton producers and ginners. This has perked up the supply of seeds and chemicals to small-scale cultivators, while restraining them from “side marketing” or selling their produce to a firm other than the ginnery that provided them with the inputs.

In order to protest against low prices being offered by local buyers, small farmers stopped selling their crops in the market during early July this year. Following this, the minimum procurement price was raised from US$ 0.75 per kg to US$ 0.85 per kg. According to AMA, at least one-fourth of the country's rural population depend on cotton cultivation for their livelihood.

Owing to its superior quality, Zimbabwean cotton usually attracts a premium in global markets. Hence, the Government has announced that it would prioritize the cotton and textile industry in its Industrial Development Policy to ensure economic development.

Stanislaus Mangoma, Director of Enterprise Development, Ministry of Industry and Commerce, said cotton industry is a major income and employment generator, which is a key to economic development and hence the Government has recognized textiles and garments as one of the priority sectors, which would be concentrated on in the current Industrial Development Policy.

He, however, added that it is required to introduce latest machineries in the sector to facilitate production of quality textiles, as the majority of the textile units were compelled to cease their businesses when they failed to introduce new advanced machines needed to produce viable products.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search