The 2020 Seed Cotton Marketing season commenced on the 3rd of June 2020. The floor producer price announced by the Government is ZWL$43.94/Kg. The income realised by farmer per 200kg bale shall comprise USD 10.00, 38% in ZD cash and the balance electronically.
The Agricultural Marketing Authority has deployed clerks at Common Buying Points (CBPs) to regulate the marketing process. Buyers comprising the Cotton Company of Zimbabwe, Alliance Ginneries (Pvt) Ltd, Zimbabwe Cotton Consortium (Pvt) Ltd, Innovative Cotton (Pvt) Ltd, Shawasha Agri (Pvt) Ltd, Southern Cotton (Pvt) Ltd have been licenced to buy seed cotton. China Africa (Pvt) Ltd is yet to meet the full requirement for licencing.
Buyers and farmers have been sensitised on the importance of complying with the f health guidelines for curbing the spread of Covid 19. These include provision of personal protective equipment (PPE) to staff manning the depots and CBPs, sanitisers and observing social distancing standards.
Table 1 outlines Common Buying Points (CBPs) for the 2020 Seed Cotton marketing season.
Table1: 2020 Seed Cotton Marketing Season Common Buying Points
a) The above tonnage has been delivered and weighed at Common Buying Points and advances of ZWL$1000 per bale paid to growers,
b) Full payment of growers is awaiting finalisation of payment modalities and release of the cash by the monetary Authorities,
c) Buyers are also awaiting policy decision on Subsidy Proposal or adoption of market related exchange rate for converting offshore funds into ZWL$.