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

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Yash P. Kotak
Bombay Hemp Company

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

Wendell Rodricks
Wendell Rodricks

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search