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Zimbabwe cotton output on the verge of collapse

Related Keywords: cost of production, Cottco, cotton crop 2015 too small, cotton exports, cotton farmers, Cotton Ginners Association, cotton price, cotton production, fall in annual revenue, farmers left stranded, Textile Industry, white gold, Zimbabwe cotton

Zimbabwe cotton also known as the white gold had economically uplifted places such as the hot and semi-arid marginalized areas like Gokwe in the Midlands Province. Besides bringing in the much needed foreign currency, the textile, oil-pressing and stock feed industries also benefitted from cotton production in Zimbabwe. But today, the nation cannot talk of a 2015 cotton crop because there is no cotton crop to talk about.

Egypt cotton cultivation to dwindle further with the end of subsidy to growers

Related Keywords: changing government policy, core of Egypt economy, Cotton growers, Egyptian cotton, end of subsidy, international cotton prices, shrinking domestic market, white gold, world market

Egyptian cotton, the so-called “white gold” a byword for luxury that is prominent the world over and also the former core of Egypt’s economy and the source of many a trader’s fortune has been declining for years due to changing government policy, a shrinking domestic market and the vagaries of international cotton prices.

Ending of subsidy for Egyptian cotton farmers raise concern over future yield

Related Keywords: cheaper imported cotton, cotton prices, cultivate cotton less, Egyptian cotton farmer, ending subsidies, high cultivation cost, long staple variety, low local and international demand, white gold

The Egyptian government has long given subsidies to cotton producers to make up for the gap between the high price of Egyptian raw cotton and the final price of products, which can be less than total production costs. Last week Adel Al-Beltagui, minister of agriculture and land reclamation, informed that the government will not be paying a cash subsidy of LE1,400 per feddan to cotton producers as it did last year. As, high cultivation costs, together with low local and international demand for Egyptian cotton, particularly the long-staple variety, were the main reasons behind the decision.

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