Zim aims to boost cot. Production

Zimbabwe: The Cabinet minister said that the Zimbabwe has been aiming at boosting cotton production in the country is considering to pay out a five percent export incentive to cotton producers this year, following government’s injection of $42 million fresh capital into the sector. The Finance Minister said that starting with this year’s cotton crop, they are going to pay five percent incentive to cotton growers. They are encouraged by the investment made into cotton production this season. They expect cotton farmers will follow suit when they know that the incentive is available for them.

According to the Cotton Company of Zimbabwe (Cottco), had pointed out that 70 000 farmers had received sprays with 50 000 litres of herbicides having been allocated to date, after the crop’s hectarage increased to 300 000 hectares from 200 000 hectares prior season.