Mozambique: Top quality cotton provides revenue of US$16.1 million

7 January 2008

Maputo, Mozambique, 7 Jan – Mozambique’s cotton producers had revenues of 386.9 million meticais (US$16.1 million) from the sale of top quality cotton in 2007, the Cotton Institute said in Maputo Saturday.

According to the institute, top quality cotton accounts for around 80 percent of the total crop sold in Mozambique.

The institute said that the minimum price was 5.3 meticais (US$0.22) although some producers, organized into associations, had obtained a premium of 7 to 13 percent in negotiations with purchasing companies.

The Cotton Institute also said that exports of 27,000 tons of cotton were expected to provide revenues of US$27 million, with over 19,673 tons still to be exported in the first quarter of this year. (macauhub)