Home / Knowledge / News / Textiles / Zimbabwe to boost cotton output, attract fresh investment
Zimbabwe to boost cotton output, attract fresh investment
04
Apr '12
Looking at attracting new investments in the domestic cotton industry, while securing the existing ones, the Zimbabwe Government would keep an eye on developments in the cotton industry.

For this it would closely monitor the implementation of the production and marketing framework in the industry, the Agriculture, Mechanisation and Irrigation Development Minister Joseph Made said and added that a consultative approach of all stakeholders could greatly help in serving the purpose.

The framework (Statutory Instrument 142 of 2009 as amended in SI 63 of 2011) aims at ensuring an orderliness, timeliness, volume consistency, fairness and reliability in farmer-ginner contracts, while focusing on presentation of the final product that vie in international markets.

Mr. Made was speaking at the Quton Seed Company's Annual Technical Field Day in Kadoma, which besides, local industry representatives, also attracted participation of delegates from regional countries like Zambia, Swaziland, Mozambique and Malawi.

The Minister said that cotton lint prices now average at US$ 1 per kg and are expected to stay around US$ 1.20 per kg for sometime during coming season, much below the US$ 2.40 per kg price offered in the 2010/11 season.

Mr. Made said that the surge in prices during 2010 was induced by scarcity of lint in global markets during 2008. However, this time, farmers would be able earn higher returns only if they can arrange to raise their yields.

The country has a cotton seed ginning capacity of 750,000 tons per annum, however, the production for the current season is estimated to come to just around 370,000 tons.

The Minister said that the Government meant to boost the cotton production to over one million tons, so as to enable ginning mills to operate at full capacity.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Top executives
Textile industry

GST has levelled the playing field to an extent

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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