Cotton farmers and producers agree on producer price by 2024 – The Zimbabwe Mail

KWEKWE – Zimbabwe cotton farmers and producers have reached an agreement on a producer price of US$0.32 per kilogram by 2024, according to Samson Chigaba, general secretary of the Cotton Growers and Marketers Association of Zimbabwe (CPMAZ). .

This new price now awaits official approval from the Minister of Agriculture.

The agreement was reached after discussions with several cotton buyers including Cotton Company of Zimbabwe (Cottco), Zimbabwe Cotton Company (ZCC), Shawasha and Agri Value Chain among others. In addition to the new price, it was agreed that farmers will receive payments for their cotton deliveries on site, with payments also retroactive for the last three seasons.

“We have 420,000 cotton producers and this year we met with all the buyers and agreed on a price. The initially proposed price was $0.20 per kg, but we reached an agreement of $0.32 per kg,” Chigaba said.

“There is also a condition that buyers repay payments from the last three seasons before we sell this year’s product, and this must be done by May 30. We also agreed that they would make full payments on time and if they do not pay upon delivery, we will withhold our crop until we receive payment.”

Chigaba noted that the quality of this year’s cotton crop was negatively affected by the El Niño-induced drought.

“They argued that they cannot increase the price from 32 cents to about 40 cents because the quality of our crop was affected by the drought,” Chigaba explained.

The agreement marks an important step forward for Zimbabwe’s cotton industry, ensuring fair compensation for farmers while addressing the challenges posed by adverse weather conditions. – Masvingo mirror