Thursday, July 7, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Just In

Zimbabwe’s cotton deliveries jump to 116,052 tonnes in 2021

by SAT Reporter
January 14, 2022
in Just In
0
Zimbabwe’s cotton deliveries jump to 116,052 tonnes in 2021
0
VIEWS

HARARE, (The Southern African Times) – Cotton deliveries in Zimbabwe jumped to 116,052 tonnes in 2021, up from 82,479 tonnes in 2020 following subsidies and increased government support to farmers, an official from the country’s largest cotton company said Thursday.

To ensure cotton farming remains viable, the Zimbabwean government last year committed to pay an additional 22 Zimbabwe dollars (20 U.S. cents) per kg delivered by farmers as subsidy payment, said Jacqueline Dube, Cotton Company of Zimbabwe (Cottco) acting company secretary.

She said in a trading update for the third quarter ending December 2021 that outstanding payments to farmers would be cleared shortly.

“The 3rd quarter typically signifies the end of Cottco’s buying season and the final intake stood at 116,052 MT (metric tonnes) compared to 82,479 MT in 2020,” Dube said.

She said Cottco’s ginning schedule was delayed by power challenges, with 93 percent of the seed cotton intake having been ginned by Dec. 31, 2021.

“Zimbabwean hand-picked cotton is in high demand and the company’s order book exceeds production volumes,” she said.

For the 2021/22 farming season, Dube said the late onset of rains had resulted in planting delays, with a sizeable crop being established 1-2 months later than normal.

“Depending on the length of the season and available heat units this could affect the maturity and fiber length of the output. Cottco’s ground staff is working with farmers to achieve the best possible results under the circumstances,” she said.

International lint prices surged to a 10-year high in 2021, peaking at 119.2 U.S. cents per ounce in November, compared to average prices of 56 U.S. cents that prevailed in 2020.

Cotton is one of Zimbabwe’s major cash crops and contributes significantly to economic growth and improved livelihoods among growers.

Previous Post

US, China to Lead Global LNG Exports, Imports in 2022

Next Post

Banking as a service: a huge opportunity for African Banks

SAT Reporter

Related Posts

UK-funded low carbon technology programme calling for proposals in South Africa

UK-funded low carbon technology programme calling for proposals in South Africa

by SAT Reporter
July 6, 2022
JPMorgan warns oil prices could surge 240%
Business

JPMorgan warns oil prices could surge 240%

by SAT Reporter
July 4, 2022
15 African countries with the highest defense budgets in 2022
Just In

15 African countries with the highest defense budgets in 2022

by SAT Reporter
July 2, 2022
Key to Unlocking Major Investment in Africa – Better Data

Key to Unlocking Major Investment in Africa – Better Data

by SAT Reporter
July 2, 2022
Key takeaways from CBN’s new cybersecurity guidelines for Other Financial Institutions (OFIs) in Nigeria

Key takeaways from CBN’s new cybersecurity guidelines for Other Financial Institutions (OFIs) in Nigeria

by SAT Reporter
July 1, 2022
Next Post
Banking as a service: a huge opportunity for African Banks

Banking as a service: a huge opportunity for African Banks

Premium Content

South Africa’s Kumba Iron annual earnings rise on higher ore rates

South Africa’s Kumba Iron annual earnings rise on higher ore rates

February 19, 2020
Egypt raises minimum wages of civil servants

Egypt raises minimum wages of civil servants

March 16, 2021
African Development Bank Group approves a $35 million facility for Ecobank

African Development Bank Group approves a $35 million facility for Ecobank

December 2, 2021

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • BOTSWANA
  • Botswana
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa New Africa News african footballer African investments African manufacturing industry african markets African news African start-up banking Business China Classic Content currency Explore Bali Finance football Life Style Markets Market Stories Namibia news Nigeria oil and gas Oilandgas Opinion Pandemic Politics Premium reserve bank of Zambia Russia South Africa Southern African News sports Stay Home Travel United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?