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Cotton exports to touch $140 mn mark
17 Apr '06
1 min read
Zimbabwe's cotton export are set to reach US $140 million mark while the crop is estimated at 127,000 tons this year.
Cotton has emerged as a one of the highest produced agro-export commodity and major chunk is being produced in the communes.
According to industry officials, 7,000 tons of cotton seeds was distributed to raise the cotton-growing areas.
At present, 300,000 hectares plus area is under cotton production.
Domestic players buy cotton directly from the farmers without assisting them in the cultivation and that can be a destabilising factor for country's foreign currency earning ability.
This January, Cotton Company of Zimbabwe (Cottco) initiated the move to regulate 'unfaithful' farmers who violated contractual farming agreements.
Cotton has emerged as a one of the highest produced agro-export commodity and major chunk is being produced in the communes.
According to industry officials, 7,000 tons of cotton seeds was distributed to raise the cotton-growing areas.
At present, 300,000 hectares plus area is under cotton production.
Domestic players buy cotton directly from the farmers without assisting them in the cultivation and that can be a destabilising factor for country's foreign currency earning ability.
This January, Cotton Company of Zimbabwe (Cottco) initiated the move to regulate 'unfaithful' farmers who violated contractual farming agreements.
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