Home / Knowledge / News / Textiles / Zimbabwean ginners defend AMA over cotton prices
Zimbabwean ginners defend AMA over cotton prices
26
May '12
The Zimbabwe Cotton Ginners Association (CGA) has defended the Agricultural Marketing Authority (AMA) over the recommended cotton price to be paid to farmers in the new cotton season.

The AMA has recommended US$ 0.36 per kg to US$ 0.50 per kg price range for Grade D to Grade A cotton to be paid to local producers in the just started cotton season. However, the new prices have been rejected by farmers.

The CGA said Malawi has fixed seed cotton prices at 78 Malawi Kwacha per kg (US$ 0.32 per kg), while Mozambique has fixed base rate at 10.5 Meticals per kg (US$ 0.37 per kg) for Grade A cotton and eight Meticals per kg (US$ 0.28 per kg) for Grade D cotton.

CGA Director-General Godfrey Buka said the cotton prices have been arrived at by taking three factors into consideration, viz. the cost of production for farmers, the cost of production for ginners and the likely international cotton prices when it is sold.

Mr. Buka said Zimbabwe on average produces a mere 100,000 tons of cotton, compared to around 28 million tons of cotton produced globally. Hence, Zimbabwe cotton production is not in a position to influence international prices.

Thus, in reality, the price paid to Zimbabwean farmers is largely influenced by the price at which Zimbabwean cotton is sold in world market. The domestic textile industry consumes less than three percent of the total cotton produced in Zimbabwe, he added.

The CGA said the global cotton prices are currently heading downwards and hence the ginners would end up making loss if they procure cotton from farmers at higher prices.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Steve Cole
Xerium Technologies

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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