Home / Knowledge / News / Textiles / Cotton marketing season set to begin early in Mozambique
Cotton marketing season set to begin early in Mozambique
16
May '14
The cotton marketing season, which usually begins on July 30, is likely to begin earlier by a month on June 30, according to the Mozambique Cotton Institute (IAM), Noticias reported.
 
It is generally observed that international cotton prices tend to fall from August, and hence farmers selling their crop before that can get high prices for their produce, said IAM director Norberto Mahalambe.
 
The IAM director said that raw cotton sales are expected to begin early this year on June 30, instead of the usual July 30. He added that already some companies operating in Mozambique have responded positively to the change in marketing season and they are willing to offer higher prices than those fixed by the Government.
 
For the current year, the Government has set the minimum price of raw cotton at 11.75 meticals per kilo for first grade cotton and at 8.70 meticals per kilo for second-grade cotton.
 
In the ongoing season 2013-14, the production of raw cotton in Mozambique is expected to increase by nearly 65 percent to 110,000 tons, compared to production of 67,000 tons in 2012-13, according to IAM estimates.
 
The cotton sector in the country resisted various socio-political and economic factors, both internal and external, and 2014 would be the fifth consecutive year when farmers would get good prices for their cotton, said Mr. Mahalambe.
 
Cotton production in Mozambique grew from 41,000 tons in 2009-10 to 65,000 in 2010-11 and reached 184,141 tons in 2011-12. However, the production fell to 67,392 tons in 2012-13, against the target of 100,000 tons.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

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

Judy Frater
Somaiya Kala Vidya

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search