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Malawi increases minimum cotton price by 17%
25
Apr '18
Malawi increases minimum cotton price by 17%
Taking into account the cost of production and prevailing international market prices, the government of Malawi has raised the minimum support price for cotton by 17 per cent to 375 kwacha ($0.52) per kilogram from last year’s 320 kwacha per kg. A landlocked country in southeastern Africa, Malawi produced around 15,000 tonnes of cotton in 2017.

The decision to increase minimum price for cotton this season was made following a rigorous consultative process with industry stakeholders. This was informed at a press conference held jointly by the ministry of agriculture, the Cotton Farmers Association of Malawi (Cfam) and the Cotton Council of Malawi (CCM).

The cotton marketing season will begin in Malawi on April 27. The season is normally for a 3-month period by which all cotton is harvested.

Over the last few years, cotton production has gone down substantially from around 100,000 tonnes in 2012. Likewise, the number of farmers cultivating cotton has also gone down from 300,000 in 2011 to 150,000 in 2016. (RKS)

Fibre2Fashion News Desk – India


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