Cottco records decline in volumes

COTTCO Holdings Limited has recorded a reduction in cotton volumes to 30 000 tonnes in the just-ended season, as compared to 43 697 tonnes in 2014 due to failure to provide adequate timely funding for cotton growing inputs.

Speaking at the company annual general meeting in Harare yesterday, Cottco acting managing director Chris Murove said the industry as a whole recorded a decline in the national crop to 90 000 tonnes down from 135 000 tonnes realised from the previous season.

“The slump in cotton production was mainly driven by the failure of the entire industry, cotton included, in providing adequate timely funding for cotton growing inputs, which resulted in lower yields.

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