Zimbabwean cotton output at 5-yr high of 130,000 tonnes
24 Sep 18 1 min read
Cotton output in the southern African country of Zimbabwe has risen by 76 per cent year-on-year to 130,000 tons in the 2018 marketing season. The output is the highest in nearly five years, and has been achieved due to the government support under the Presidential Inputs Scheme. Owing to steep increase in production, cotton exports are expected to jump.
Under the Presidential Inputs Scheme, the government gave various free support initiatives to farmers to help them increase their cotton cultivation.
The Reserve Bank of Zimbabwe is expecting that the country would get around $85 million in foreign exchange through cotton exports this year.
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In 2011, Zimbabwe produced 268,000 tonnes of cotton which decreased to 135,000 tonnes in 2013-14 and further to 100,000 tonnes in the year 2014-15. In 2016, cotton yield was just 28,000 tonnes, the lowest since 1992. Due to government’s efforts, production increased to 70,000 tonnes last year. (RKS)
Fibre2Fashion News Desk – India
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