
The Government of Zimbabwe is mulling to give 5 per cent incentive to cotton farmers with an aim to boost cotton production in the country. The move seems to be an outcome of the Government’s injection of US $ 42 million fresh capital into the sector.
Around 250,000 small farmers are engaged in cotton farming, one of the major crops produced in Zimbabwe. Incentive for cotton farmers will be crucial to attract more and more farmers towards this sector. Previously, the Zimbabwean Government extended support in the form of seeds, fertilizers and pesticides distribution to cotton farmers in the country to improve yields and quality.
Zimbabwe introduced bond notes late last year as an incentive to exporters but there are fears in the market that the US $ 200 million facility will be exhausted soon leading to over-printing.
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According to data available, about 150,000 farmers had planted the cotton crop this season. Cotton Company of Zimbabwe (Cottco), the largest cotton processing and marketing organization in Southern Africa, has disbursed 6,000 tonnes of seed, equivalent to 300,000 tonnes of cotton.






