Maputo, Mozambique, 10 Dec – The Mozambican cotton 2009/2010 cotton campaign will generate around US$27 million in revenues, according to projections from Mozambique’s Cotton Institute (IAM) published Friday by Mozambican newspaper Notícias.

The paper said that 23,000 tons of cotton fibre would be exported, representing revenue of US$24.5 million and 31,000 tons of seeds, which will provide US$2.5 million.

By the end of the third quarter of this year, Mozambique had exported almost 4,000 tons of cotton fibre, which accounted for revenue of US$6 million.

The Asian market remains the biggest destination for Mozambique’s cotton fibres, making up 92 percent of all exports, followed by Africa, with 7 percent and Europe, which imports just 1 percent of the total.

The IAM for this campaign forecast production of 61,000 tons, accounting for 121,000 hectares of the crop.

Nampula province produces the most cotton, accounting for 40 percent of all the cotton produced in Mozambique, followed by Cabo Degado with 26 percent. (macauhub)