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 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kevin Nelson
TissueGen

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

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

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
March 2017

March 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