Tuesday, 24 August 2010

Cotton growers miss out of rising prices

From Daily News, Dar es Salaam
By business standard reporter

THOUSDANDS of cotton growers in the Western Cotton Growing Area - Shinyanga, Mwanza and Mara regions - are haplessly watching as the cash crop price escalates, reaching to levels that had never been thought of in the history of marketing the crop in Tanzania.

The increase of price from last year’s 360/- to 600/- per kilogramme that cotton growers and Tanzania Cotton Board (TCB) settled for as initial price when the crop buying season started in early June seems to have overwhelmed majority cotton growers who, as a result, rushed to sell their produce at the price they probably perceived too high to be true. Experts’ calls to wait a bit, for there were evident prospects of price rise, fell on deaf ears.

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