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Rise in world consumption of cotton to boost local cotton industry in Zimbabwe

Related Keywords: cotton farmers, ICAC, international cotton price, Polyester price, World cotton consumption, Zimbabwe Farmer, Zimbabwean cotton industry

The increase in world consumption of cotton likely to bring revival in the Zimbabwean cotton industry as the cotton farmers are expected to benefit from the anticipated world demand since the development is set to boost the current cotton prices.

According to the International Cotton Advisory Committee (Icac) an association of governments of cotton producing, consuming and trading countries, with polyester and cotton prices converging, world consumption of cotton is forecast to increase by 5% to 24,5 million tonnes in 2014/15.

Zimbabwe to see cotton production pull through

Related Keywords: cotton production, Zimbabwean cotton industry

Zimbabwe are look ahead to good harvest this season especially in areas such as Dande, Gokwe and Muzarabani with over 200 000 hectares of the cotton crop have been planted.

While according to the Zimbabwe National Farmers Union vice president Mr Garikayi Msika, they were anticipating more cotton to come from the traditional growing areas.

Although a number of farmers have overlooked cotton production due to low prices, farmers unions are convinced the shift will not do much to affect production.

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