By Staff Reporter
The presidential free input scheme has put cotton back on top, as the crop reclaimed its position as one of Zimbabwe’s biggest sources of foreign currency.
In 2016, cotton brought in a paltry US$4,6 million but in just 5 years it has earned US$67 million for the country, which translates to over a thousand percent increase.
The Cotton Company of Zimbabwe (COTTCO) also issued out a statement detailing a 975 percent seed production increase.
The report also showed that the number of growers increased from a mere 150 000 households to almost half a million in the past 5 years.
Currently COTTCO has a toll ginning partnership which enables them to outsource value addition processes for their crop.
Due to the success and profitability of the presidential input scheme, the parastatal has increased its capacity utilisation from 10 percent to 100 percent.
