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Related Keywords: cotton, Dollar, farmers, government, market currency, RTGS, USD, ZFU, Zimbabwe, Zimbabwe Farmers Union

The Zimbabwe Farmers Union (ZFU) is appealing to the government to peg cotton prices in United States dollars in order to cushion farmers against the reduction in RTGS dollar value.

Cotton prices have remained unchanged since the start of the selling season in May.

ZFU president, Paul Zakariya said cotton should be pegged in US dollars so that farmers are paid at the prevailing interbank market rate since RTGS$1.95/kg has become unsustainable.

Related Keywords: largest trade exhibition, leading delegation of clothing, national trade development and export promotion organization, potential source of good quality clothing, register presence on global market, Source Africa, textile companies, textiles products, Zim Trade, Zimbabwe, Zimbabwe-South Africa Bilateral Trade Agreement, ZITMA

Zim Trade, the national trade development and export promotion organization, is leading a delegation of clothing, textiles and leather companies at the largest trade exhibition, Source Africa being held at Cape Town, South Africa. It was important for Zimbabwe to participate in the conference in order to register its presence on the global market, said Head of delegation, who is also ZimTrade’s operations director Allan Majuru.