By Patty Magubira, Mwanza
The Government has assured farmers that their cotton would be bought next season regardless of the ongoing global economic downturn that has shaken the world market.
The Government's move follows complaints from the local traders that most of the cotton they bought at between Sh400 and Sh500 per kilo this season could not be exported as a result of dramatic price drop from 80 US cents to about only 40 US cents.
The Agriculture, Food Security and Cooperatives minister, Mr Steven Wassira, said the Government would ensure the crop is by hooks and crooks bought from the farmers even if the traders failed to do so.
Stakeholders of the industry from across the Western Cotton Growing Areas (WCGA) in Mwanza, Kagera, Shinyanga, Tabora and Mara regions converged here on Monday for a one-day meeting to deliberate on the impact of the global economic downturn on the crop dubbed 'white gold' in the WCGA.
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