The Zimbabwe Farmers Union has expressed optimism that cotton prices will be higher than last year following the rise of price of the crop on the international market as well as successful negotiations with local stakeholders.
ZFU Second Vice President, Mr Berean Mukwende says his organisation has had successful meetings with various stakeholders in the cotton industry to come up with prices that are fair to both parties to avoid a stand-off between the farmers and the ginners.
â€œWe are very confident that the price for this year will be much higher for last season. As ZFU, we have made sure that we engage the various stakeholders to avoid a standoff during the actual selling time. We have also agreed on marketing strategies to avoid side marketing by our farmers,â€ Mr Mukwende said.
Last year, there was a standoff between farmers and buyers over the pricing of the commodity.
Currently, farmers and contractors are negotiating the 2011 price of cotton under the Agricultural Marketing Authorityâ€™s Cotton Technical Marketing Committee.