Home / Knowledge / News / Textiles / Zambia extends cotton marketing season till August-end
Zambia extends cotton marketing season till August-end
04
Aug '12
In a bid to allow cotton growers to deliver their produce to designated points of sale, the Cotton Ginners Association of Zambia (CGAZ) has prolonged the current year’s cotton marketing season till August 31, 2012.
 
The current year’s marketing season was afflicted by pricing rows and it was otherwise due for expiry on July 31, 2012.
 
Realizing that the start of the marketing season got delayed by pricing disagreements, CGAZ felt it wise to extend the marketing season to allow growers to deliver their crops to designated points of sale, CGAZ Executive Secretary Bourne Chooka said.
 
There was a disagreement between CGAZ and the Cotton Association of Zambia over cotton procurement prices, as while ginners’ association offered K 1,725 per kg as final price for the produce, the farmers’ associations were seeking at least K 3,200 per kg for same quality, Mr. Chooka said.
 
Some of the farmers even denied harvesting their crop, stating that their harvest cost comes to be more than the price of K 1,725 per kg being offered by the ginners, he added.
 
According to CGAZ, the current year’s low prices are mainly due to a sharp decline in cotton prices on the world market. The world cotton lint prices now prevail at around US$ 72 cents per pound, much below the price of US$ 150 cents per pound fetched around same period last year.
 
During last year, CGAZ procured domestic cotton at a price of K 3,200 per kg, Mr. Chooka said.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

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 ...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

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

Pranav Mishra
Huemn

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

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