Mozambique: Mozambique hopes to net some US$30 million from cotton exports

12 June 2008

Maputo, Mozambique, 12 June – Mozambique hopes to net around US$30 million from the export of 26,370 tonnes of cotton fibre in the first quarter of 2008, Paulino Sive, a statistician from the Cotton Institute of Mozambique told Macauhub.

According to Sive, so far 14,320 tonnes have been exported bringing in revenue of just over US$16 million.

There is still a stock of 12,049 tonnes that is due to be exported by the end of the first half of this year.

The preferential destination of Mozambican cotton is Asia, which imported 82 percent of national production, with Indonesia heading the list of purchasers, with around 37 percent of production, followed by Singapore with 34 percent.

Other importers of Mozambican cotton were mainland China, Thailand, Pakistan, India, Portugal, Taiwan, Vietnam and South Africa.

For the 2007/2008 season, the cotton sub-sector expects to produce 120,000 tonnes of unbrushed cotton, according to Sive. (macauhub)