Cotton price up 1.3%

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Cotton price up 1.3%

4:58 CAT | 13 May 2019

File photo: MASA

The price of cotton could rise by about 1.30 percent, from the current 23 to 23.3 meticais, under a proposal advanced last Friday in Tete during a meeting that brought together the government, producers and traders.

The government, cotton producers and buyers spent about five hours discussing the matter before the announcement, via the Minister of Agriculture and Food Security, of the proposed new cotton price for the current season.

Higino de Marule acknowledged that the price proposed did not truly compensate producers for their efforts, but said that permanent dialogue between cotton value chain actors, as had happened in Tete, could end up satisfying those who work on the land.

“The current price proposal, though still far from the ideal, provides a sound basis for the balance of stakeholder interest and business sustainability throuhout the entire cotton value chain,” Minister Higino de Marule said.

The cotton price announced in Tete on Friday now awaits government approval.

By Carlitos Cadangue

Source: O País