Home / Knowledge / News / Textiles / Mozambique govt fixes minimum prices for cotton
Mozambique govt fixes minimum prices for cotton
18
May '12
The minimum price a producer must get for first grade raw cotton for current year has been fixed by the Mozambique Government at 10.5 meticais per kg, while for second grade cotton it has been fixed at eight meticais per kg.

The prices for cotton have been fixed by the Government based on a proposal submitted to it after price negotiations were held between the National Forum of Cotton Producers (FONPA), representing the cotton farmers, and the Mozambique Cotton Association (AAM), which represents the cotton buying firms, in April this year.

The current year's prices, however, are almost 30 percent below the last year's prices, when the first grade cotton was priced at 15 meticais per kg and the second grade cotton was at 11.5 meticais per kg.

During negotiations, while FONPA sought that the prices be maintained at last year's levels, AAM stated it to be impossible in the face of sharp fall in world prices and appreciation in metical against the US dollar, a denominating currency for cotton exports.

Earlier though, AAM insisted that it is not possible for them to pay anything in excess of 9.75 meticais per kg for either category of cotton, but ultimately it consented to a price of 10.5 meticais per kg for first grade cotton.

Deputy Justice Minister Alberto Nkutumula blamed the fall in local producer price on fall in cotton prices in world markets. While cotton prices prevailed at historic levels of US$ 4,550 per ton last year, this year they have tumbled to around US$ 2,000 per ton.

With such a sharp fall in procurement price, it is feared that farmers may shun cotton cultivation and shift to other more rewarding crops, during next season.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Urs Stalder
Sanitized AG

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

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

Aditi Somani
Aditi Somani

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

Yash P. Kotak
Bombay Hemp Company

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

July 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

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

Yes No

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

Yes No

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


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



X