Malawi increases minimum cotton price by 17%

The decision to increase minimum price for cotton this season was made following a rigorous consultative process with industry stakeholders. This was informed at a press conference held jointly by the ministry of agriculture, the Cotton Farmers Association of Malawi (Cfam) and the Cotton Council of Malawi (CCM).

The cotton marketing season will begin in Malawi on April 27. The season is normally for a 3-month period by which all cotton is harvested.

Over the last few years, cotton production has gone down substantially from around 100,000 tonnes in 2012. Likewise, the number of farmers cultivating cotton has also gone down from 300,000 in 2011 to 150,000 in 2016. (RKS)

Fibre2Fashion News Desk – India