10 July 2014
The price of cotton has increased from between 30c and 35c per kg to 60c per kg. Farmers are expecting the price to increase above 66c which was the highest offer price during the last season.
As a result of the increase in price, farmer who had withheld selling their crop, were now delivering their crop to buyers.
Farmers are negotiating prices on an individual basis following the opening up of the markets.
However, the President of the Zimbabwe Commercial Farmers Union stated that the cost of production of cotton was 52c per kg. So any price lower that this would be not be viable.
The Herald, “Firmer prices spur cotton deliveries”, viewed 10 July 2014, http://www.herald.co.zw/firmer-prices-spur-cotton-deliveries/
