Swaziland Ministry of Agriculture has raised the price of Grade 1 cotton by 25 cents from E 4.90 per kg to E 5.15 per kg.
Announcing the price rise, Minister of Agriculture Clement Dlamini called upon increasing number of farmers to undertake cotton farming in the 2012-13 season, as cotton prices have gone up significantly.
He urged the Swaziland Cotton Board to encourage more farmers to engage in cultivation of irrigated cotton, as it would further boost the Ministry's agricultural diversification and commercialisation programme.
The Minister admitted that it is inopportune that the announcement of rise in cotton prices came in April 2012, almost seven months after farmers undertook cultivation in October 2011. He said that he understands how important it is for cotton cultivators to know about commodity prices, and is also aware of the problems in fixing the price. More so, because prices of cotton are highly volatile, he added.
Being confident of the sustainability of the domestic cotton market, he said cotton prices have been rising over the last three years. The main intention behind encouraging farmers to engage in cotton cultivation is to get them a reasonable share of the domestic market, he added.
Mr. Dlamini said the Government wants more farmers to undertake cotton cultivation and cater to the demands of the country's textile industry, which now depends on import for most of its raw material requirements.
Fibre2fashion News Desk - India