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.
