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GOVERNMENT has said this year’s cotton buying season will begin in June with farmers set to receive 75 percent of their payments in USD and 25 percent in ZiG.
This was said by the Minister of Information, Publicity and Broadcasting Services Dr Jenfan Muswere during the Post Cabinet Media Briefing in Harare on Tuesday.
He added that all outstanding payments for last season will be settled by May 31.
“Cabinet advises that the 2024 cotton buying season will be from 1 to 30 June 2024. Farmers will receive 75 percent of their payments in USD and 25 percent in ZiG. All outstanding payments by the Cotton Company of Zimbabwe amounting to US$2.65 million and 2.8 million ZiG will be cleared by 31 May 2024. The grade-based pricing system will be announced once on-going consultations are concluded,” he said.
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