Home / Knowledge / News / Textiles / Zimbabwe govt fixes cotton procurement price
Zimbabwe govt fixes cotton procurement price
Jul '12
Bringing an end to the ongoing row between the farmers and the buyers over cotton procurement price, the Zimbabwe Government has fixed the cotton procurement price for the current season.
Agriculture Minister Joseph Made announced that the Government has fixed price for A grade cotton at US$ 0.84 per kg, while the price for B, C and D grade of cotton has been fixed at US$ 0.81 per kg, US$ 0.79 and US$ 0.77 per kg, respectively.
The Minister said the new price is for the 2011-12 season, and no farmer should be paid a price below that fixed by the Government.
He warned that licences of those ginners who do not pay as per the new prices can be cancelled. He also added that no negotiations are welcome in this regard. 
Further, the Minister said that buyers, who have already procured raw cotton from the farmers at lower rates during the current season, would have to pay the balance amount to cotton growers. 
The Government intervened to fix the cotton prices payable to farmers after such a request was made by farmers’ organizations.
Blaming the depressed global cotton market for slump in prices at home, cotton traders had earlier offered to pay a price between US$ 0.36 and US$ 0.50 per kg. In response, the farmers preferred to hold back their crop.
Zimbabwe’s overall cotton output for 2012 is seen rising from last year’s 250,000 tons to about 280,000 tons.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search