Sales of Mozambican cotton total US$21 million

15 October 2014

Revenues from exports of cotton fibre to the markets of the European Union, Asia and Mauritius, in the first half of 2014 totalled US$21.2 million, according to the Mozambique Cotton Institute (IAM).

In the first six months of the year cotton exports amounted to about 12,000 tons, which was surplus production from the previous cotton crop of 2012/13.

IAM said that 2012/13 production of 2012/2013 was partially put on hold so that it could be sold only when prices were high.

Mozambique only exported 1,600 tons of cotton fibre from this year’s production between January and June of this year.

IAM projections point to exports of around 41,800 tons of cotton fibre by the end of the year. (macauhub/MZ)