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Tanzania policymakers back higher cotton price this season
25
Jun '12
Policymakers in Tanzania are batting for higher cotton price this season in order to promote the country’s textile sector.
 
Several Members of Parliament (MPs) have urged the Government to do away with the value-added tax on cotton so as to give a boost to the production of the crop as well as for the growth of the textile sector in the country.
 
They said that a rise in cotton output and revival of textile industries would generate new employment opportunities in the country. It will also help Tanzanian textile sector to export clothing items.
 
As per the official data, around 16 million farmers in over 42 districts cultivate cotton in Tanzania. 
 
The current cotton price given to farmers is lower than Sh1,000 per kg and if a price of Sh1,000 per kg is not paid to farmers for their cotton this year, then no cotton will be sold, the MPs said.
 
They said the current international market price of cotton is low and it does not help farmers to enhance their standard of living. Hence, the Government must revise the cotton price upwards, they added.
 

Fibre2fashion News Desk - India

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