Cotton farmers in Zambia have denied accepting the offer of K2,000 per kg price made by the cotton ginners association as the price of the crop for the current year's marketing season.
Unfortunately, the K2,000 price being offered by the ginners association is significantly below the price of K3,325 per kg that was offered for the crop during last season.
The cotton farmers are shocked as the Cotton Ginners Association of Zambia has cut the crop prices by K1,325 per kg, as compared to last season. They doubt that some big players among ginners are pressurising others to retain prices at low-levels, which is keeping away farmers from getting fair returns for all their efforts employed in growing the crop.
Infuriated by the low price, the farmers have unanimously decided not to offload the current year's produce in the market till the price is raised.
The farmers have also sought Government intervention in the matter, urging it to provide buying licenses to only those ginners who agree to procure cotton at prices that are acceptable to farmers.
Each year, the Ginners Association of Zambia fixes the annual procurement price for cotton, but this time the farmers have refused to accept the price fixed by the association, stating it to be too less.
Experts believe that farmers deserve fair returns for their produce, which is necessary to keep them motivated for growing the crop next season, but this time ginners are frustrating them by offering lower prices.
Fibre2fashion News Desk - India