Friday, 28 September 2007

Cotton fetches record price

From Daily News, Dar es Salaam

PRODUCER price of cotton in Mwanza Region has reached 550/- a kilogramme, registering the all time record for the crop.

Mwanza Regional Commissioner James Msekela attributed the trend to fierce competition among buyers since the beginning of the crop buying season on June 25, this year.

“We are happy 26 cotton buyers were registered this season. At the beginning the price was 350/- a kilogramme, but it later peaked at 550/- a kilogramme,” he said.

The regional commissioner was briefing the Prime Minister, Mr Edward Lowassa, who is on his eight-day tour of Mwanza Region.

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