Home / Knowledge / News / Textiles / Zimbabwe to yield $240mn from cotton
Zimbabwe to yield $240mn from cotton
08
Apr '11
According to the Zimbabwe's Ministry of Agriculture, Mechanisation and Irrigation Development, cotton could help the country to make over US$240 million during the current 2010-11 summer marketing season.

Cotton cultivators in the country are positive about producing at least 300,000 tons of lint this year, as over last year's production of 270,000 tons.

During a meeting held for the industry stakeholders, the Permanent Secretary, Ngoni Masoka, read a speech on behalf of Minister of Agriculture, Mechanisation and Irrigation Development, Dr Joseph Made, wherein the Minister stated that the industry should target growth by means of raising production.

Dr Made said that, the country is likely to earn more than $240 million from cotton during the current season. However, even with such good gains the Minister said that, he wishes to see more work being done on the side of production. Further, he even added that, since independence, cotton has remained to be an important tool for rural development.

The cotton industry generates several employment opportunities in the farming and downstream industries, and a rise in cotton production would certainly lead to a further rise in employment in these sectors.

Further, Managing Director of the Cotton Company of Zimbabwe, David Machingaidze, whose company employs 108,000 cotton cultivators on contract basis, asked the cultivators to accurately grade their cotton so as to make the most of the soaring lint prices.

He said that, they are anticipating this marketing season to remain good, as the global cotton prices have gone up significantly, which is very much in favour of the domestic farmers.

The cotton cultivators and the ginners have recently started discussions to arrive at a feasible price for the crop, so as to rise over the permanent disagreement over the prices, which have dogged the industry over the last some years.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Top executives
Textile industry, India

The event should be organised every year

Giorgio Mantovani
Corman S.p.A

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

Larry L Kinn
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search