Home / Knowledge / News / Textiles / Zimbabwe govt to revive cotton marketing board
Zimbabwe govt to revive cotton marketing board
20
Nov '13
The Government of the southern African country of Zimbabwe intends to revive and re-introduce its Cotton Marketing Board (CMB) in order to actively participate in the marketing of the crop which is expected to boost production and viability of the textiles sector in the country.
 
Joseph Made, the Agricultural, Mechanization and Irrigation Minister of Zimbabwe, said the Government was in the process of preparing legal instruments to deal with the re-establishment of the board, which was privatized in 1994, reports Zimbabwean newspaper The Herald.
 
According to the Minister, the Zimbabwean Government is currently synchronizing the country’s Agricultural Marketing Authority (AMA) act, in order to resuscitate and restructure the CMB.
 
The AMA act does not apply only to cotton and it was necessary to take up the issue of re-inventing CMB as cotton is one of the most important crops in terms of the country’s economic growth, and the CMB would be looking at the marketing of the crop independently, he added.
 
The Agricultural Minister said that there is a lot to be done for the revival of cotton production in the country because it is the biggest income generating activity in many rural families.
 
The CMB was privatized in 1994, under the Economic Structural Adjustment Program which gave birth to Cotton Company of Zimbabwe (COTTCO), a private company working towards the development of cotton sector in the country. 
 
Last month, the AMA and cotton ginners in Zimbabwe agreed on a minimum funding per merchant of US$ 1 million to enhance cotton production this season. Under the memorandum of understanding (MoU) signed between them, the contractors would have to declare the quantity of raw cotton they want to buy at the beginning of the season.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Oct 2021

11 European nations seek ambitious measures to tackle waste in textile

Eleven European countries—Austria, Belgium, Denmark, Finland, France, ...

Pic: Shutterstock

Textiles | On 19th Oct 2021

Industrial units in Vietnam’s HCM City hit by labour shortage

Several Vietnamese industries, especially labour-intensive ones like...

Pic: German Embassy Phnom Penh

Textiles | On 19th Oct 2021

Consortium comprising GIZ, others to address textile waste in Cambodia

An international consortium initiated by Deutsche Gesellschaft für...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

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

Leave your Comments


October 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search