Home » ‘Price distortions’ weigh on Cottco’

‘Price distortions’ weigh on Cottco’

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COTTCO Holdings (Cottco) says foreign currency price distortions currently obtaining on the market are driving up the cost of local cotton production, piling pressure on the company’s margins. In a trading update last week, Cottco Holdings chief executive Pius Manamike said the company was facing increasing pressure due to the growing premium between the official…

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