The Cotton Council of Malawi says cotton has so far fetched K8 billion in the 2021/2022 growing season.
Chairperson for the council, Duncan Wallen, argues that despite having a challenging growing season, authorities managed to resolve all the hiccups.
‘’The money realised is on farmers sales only not inclusive of ginners sales abroad and within and we have extended the selling season to the end of August so that farmers should finish selling their cotton,’’ said Wallen.
On loan repayment issues by farmers, Wallen indicates that the 2021/2022 season has been successful with a loan recovery rate of 90 percent, unlike previous seasons where it did not surpass 15 percent.
The Council also boasts of a double cotton yield in the country which is now at 1800 kilogrammes per hectare from 600 kilogrammes.
Reported by Eunice Ndhlovu, MBC Online Services.