Related Keywords: centralized cotton buying system, China Cotton Africa, contract schemes, Cotton Ginners' Association, curb side marketing, farmers, introduced by Zimbabwean cotton merchants, promote monoplistic tendencies
A centralized cotton buying system has been introduced by Zimbabwean cotton merchants to curb side marketing which has become rampant in the industry. Farmers has described the move as an attempt to promote monopolistic tendencies.
The Cotton Ginners' Association, which represents the merchants, is buying the crop on behalf of all ginners, except for China Cotton Africa, and the volumes are shared on a pro rata basis depending on level of investment in the production, industry players said.
