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Mozambique advances cotton marketing season
23
Jun '14
courtesy: Mozambique Cotton Institute
courtesy: Mozambique Cotton Institute
Mozambique, a country in southeastern Africa, has advanced its cotton marketing season, much earlier than its usual date of July 30, with a goal to harvest 110,000 tons of raw cotton, about 25,000 tons more than the quantity harvest last year, reports Notícias.
 
Deputy Minister of Agriculture Antonio Limbau headed the launching ceremony of the cotton harvesting campaign that took place in Dacata, Mossurize and Manica.
 
The cotton marketing season was advanced this year in order to provide higher revenues to farmers. As arrival starts early, all subsequent cycles preceding the export also begins early, explains Norberto Mahalambe, director of the Mozambique Cotton Institute (IAM).
 
In the previous years, international cotton prices had begun to fall from August, and hence if Mozambique cotton is brought to the market before August it can fetch the high prices prevailing before August, according to Mr. Mahalambe.
 
As a result of advancing the cotton harvesting campaign, some companies are offering higher prices to farmers than those fixed by the Government, according to the report.
 
For the current year, the Mozambican Government has set the minimum price for raw cotton at 11.75 meticals for the top variety and at 8.70 meticals for the second grade, but some buyers are offering a little above 12 meticals per kg for purchase of cotton this month.
 
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


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