{"id":39201,"date":"2021-04-26T18:30:30","date_gmt":"2021-04-26T16:30:30","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=39201"},"modified":"2021-04-26T17:39:44","modified_gmt":"2021-04-26T15:39:44","slug":"cotton-farmers-owed-1-5-billion-from-last-years-deliveries","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/cotton-farmers-owed-1-5-billion-from-last-years-deliveries","title":{"rendered":"Cotton Farmers Owed $1.5 Billion From Last Year\u2019s Deliveries"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>The Cotton Company of Zimbabwe (Cottco) owes farmers $1.5 billion from the crop that they delivered last season, an official has revealed.<\/p>\n

The company\u2019s acting managing director Pious Manamike said the payments to farmers had been a challenge due to a number of reasons. He said:<\/p>\n

At this stage, we have not made payments amounting to $1.5 billion to farmers for the crop delivered last year.<\/p>\n

We still have hurdles to be cleared in terms of operationalisation and raising of the funds.<\/p>\n

Meanwhile, Lands, Agriculture, Fisheries, Water and Rural Resettlement Permanent Secretary Dr John Basera last week said the farmers will be paid their outstanding dues in full by mid-next month.<\/p>\n

Dr. Basera said this while giving oral evidence to the Parliamentary Portfolio Committee on Lands, Agriculture, Fisheries, Water, and Rural Resettlement chaired by Gokwe Nembudziya legislator Cde Justice Mayor Wadyajena.<\/p>\n

He said the Ministry of Finance and Economic Development, together with the Reserve Bank of Zimbabwe, was working out modalities so that money was passed to Cottco so that it pays farmers.<\/p>\n

Last year the cotton producer price was set at $43,94 (US$1,75) per kg and the government has intervened because of Cottco\u2019s cash flow problems.<\/p>\n

For this year\u2019s crop, Manamike said, the price has been pegged at US$0,35c a kg and Cottco is working with CABS and CBZ to obtain funds so that it pays farmers on delivery.<\/p>\n

Manamike also said 98 percent of the cotton was being produced through the Presidential Input Scheme while 2 percent was being contributed through free farming.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Cotton Company of Zimbabwe (Cottco) owes farmers $1.5 billion from the crop that they delivered last season, an official has revealed. The company\u2019s acting managing director Pious Manamike said the payments to farmers had been a challenge due to a number of reasons. He said: At this stage, we have not […]<\/p>\n","protected":false},"author":84,"featured_media":39200,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,4422,158,4421,4424,4423,19],"class_list":{"0":"post-39201","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-cottco","14":"tag-cotton","15":"tag-cotton-company-of-zimbabwe","16":"tag-cotton-company-of-zimbabwe-cottco","17":"tag-cotton-farmers","18":"tag-zimbabwe"},"yoast_head":"\nCotton Farmers Owed $1.5 Billion From Last Year\u2019s Deliveries - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Cotton Company of Zimbabwe (Cottco) owes farmers $1.5 billion from the crop that they delivered last season, an offi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cotton-farmers-owed-1-5-billion-from-last-years-deliveries\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cotton Farmers Owed $1.5 Billion From Last Year\u2019s Deliveries\" \/>\n<meta property=\"og:description\" content=\"The Cotton Company of Zimbabwe (Cottco) owes farmers $1.5 billion from the crop that they delivered last season, an offi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cotton-farmers-owed-1-5-billion-from-last-years-deliveries\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-26T16:30:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-26T15:39:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/04\/img-6086de924aec9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"899\" \/>\n\t<meta property=\"og:image:height\" content=\"578\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cotton-farmers-owed-1-5-billion-from-last-years-deliveries\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/cotton-farmers-owed-1-5-billion-from-last-years-deliveries\",\"name\":\"Cotton Farmers Owed $1.5 Billion From Last Year\u2019s Deliveries - 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