THE Confederation of Zimbabwe Industries (CZI) has said that the lack of incentives for cotton production is a significant barrier to the industry’s growth.In an interview with The Financial Gazette, CZI’s chief economist, Cornelius Dube, stated that increasing cotton output will provide greater opportunities for value addition.“The current challenge is that there are no incentives…
Lack of incentives cripple local cotton industry
Cotton is a key agricultural export commodity that supports various sectors, including the textile industry, stock feed, and edible oil production. At its peak, Zimbabwe produced 351 000 tonnes in the 2010-11 season.