Home / Knowledge / News / Textiles / Cotton farmers bag good support prices
Cotton farmers bag good support prices
11
May '11
Cotton farmers in Zimbabwe have reached a win-win solution with the country's registered buyers to end the decade old price war between them.

Although cotton is Zimbabwe's second largest export earner, cotton production had become unviable due to low cotton prices for several years.

However, after the current negotiations cotton growers and ginners have agreed to minimum grade prices of US$ 1.05 per kilogramme (kg) for grade A, US$ 0.96 per kg for grade B, US$ 0.89 per kg for grade C and US$ 0.85 per kg for grade D.

These prices are still less compared to the global lint prices of about US$ 1.70 per kg in January 2011, but much higher than the US$ 0.30 per kg that the farmers received during the past decade. Over 200,000 Zimbabwean farmers will be benefited by these new prices.

It may be noted that the Zimbabwean lint is famous for its top quality and is commonly referred to as Zimbabwe's white gold, which fetches a premium on the international market.

The cotton production in the country, however, is not expected to increase substantially during the current year and the country is expected to produce 270,000 tonnes of cotton, much below its potential of 600,000 tonnes per year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
April 2017

April 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



X