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Japanese firm postpones Mozambican textile complex
Jul '14
Japan-based Nitura has announced the postponement of the construction of the textile complex in Nacala-Porto city, in Mozambique’s Nampula province, Notícias reported.
The textile complex was supposed to have facilities for spinning, weaving, and garments. In addition, the project also included a cotton production centre in Malema district, and a factory for processing raw cotton in Chihulo.
Chihulo was expected to produce an average of 16 tons of cotton per season.
The project was envisaged to transfer agricultural technologies to local farmers, but with the delay they lose the opportunity to learn new farming technologies.
This year, Mozambique has advanced its cotton marketing season by more than a month 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 harvested last year.
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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