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Cotton to earn Zambia USD220 million in 2018 – Cotton Board The Cotton Board of Zambia – CBZ executive director Dafulin Kaonga told the Zambian Business Times – ZBT that Zambia expects to produce over 120,000 tonnes of Cotton in 2018 alone. Cotton which is known as white gold in the farming circles has current prices on the international commodity markets now fetching about USD1.83 per kg, meaning that Zambia will earn over USD220 million as the crop is grown mainly for export. Kaonga agreed with the Cotton Association of Zambia – CAZ contention that there is need for government to come up with viable policies and rump up investment in the cotton sector. There is need for government to provide an atmosphere or enabling environment that can enable more Zambians and foreign investors invest in value addition such as textiles and cloth making to further boost local employment creation and export of higher value added products. He told ZBT that government should review the current Act Cotton of 2005 which the board is operating on to expand its mandate so that it can support the full value chain development. There is need to open up more textile industries, describing the current infrastructure in Zambia as obsolete. Cotton is an important crop in our daily lives. From the bed sheets we work up from, the towels you use after a morning shower, to the undergarments, trousers, skirts or jeans we put on, shirts and socks that you love wear all comes from this very important non-food cash crop.The growth of this crop will ensure that incomes and buying power also reaches the rural and farming communities. When pressed on what his board has been doing to develop local value chains, Kaonga stated that “Our mandate only go as far as a point were Cotton is separated from the seed and the lint and not reaching textile.
For the original version including any supplementary images or video, visit https://zambiabusinesstimes.com/2018/06/23/cotton-to-earn-zambia-usd220-million-in-2018-cotton-board/
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