Maputo, Mozambique, 3 March – The majority of cotton companies in Mozambique failed to meet their objectives for the 2007/2008 season, according to the Cotton Institute’s most recent report.
Final data on trade of raw cotton from the 2008 crop shows that 69,500 tons were produced, seven percent less than the 74,000 tons predicted at the start of the season.
This fall is explained by the delay in the cotton companies acquiring the cotton produced by the farmers in the previous season which led some to abandon cotton in favour of other more profitable crops like sesame.
The institute added that excessive rain at the start of 2008 meant that some areas were not planted and others already planted had been flooded and the plants lost.
The institute said that 25,300 tons of cotton fibre was produced, 23,300 tons of which had already been classified.
Of the fibre already classified, 12,400 tons have already been exported providing revenue of US$18.8 million with an average price of 1,430 dollars per ton.
The Cotton Institute is hoping for an improvement this season with an area of 168,000 hectares planted and production of 80,000 tons of raw cotton. (macauhub)