Machingaidze re-elected Cotton Ginners Association chairman

as chairman of the association at their annual general meeting in Harare.
Colonel Panganai Kahuni was elected vice chairman while Mrs Priscilla Mutembwa was elected chairperson of the finance committee. Others in the association’s committee were Mr Cuthbert Chakanyuka who was nominated as the chairman of the technical committee while Mr Varun Mahajan was co-opted into the lint committee.
Meanwhile, CGA director general, Mr Godfrey Buka took the opportunity to advise farmers to sell their cotton early as prices were declining sharply on the international markets.
“Farmers should have their sales early as prices are starting to decline.
“There is a downward trend in the cotton index currently so it will be to the farmers’ benefit if they sell their produce early. “This will also allow ginners to process seed from lint and get to the markets while the prices are still firm,” said Mr Buka.
He also stressed that the prices currently obtaining on the markets were good and viable if the farmers did not delay their sales. The July cotton features contracts plunged from US$1,90 two weeks ago to US$1,59 signaling a drop of US$0,31. Stakeholders in the cotton industry recently agreed on the local price of the white gold after weeks of negotiations. The prices range from US$0,80 for the lowest grade to US$1,05 for A grade though they are bound to change in line with developments on the global markets.