Cotton price jumps 195% above minimum |The Nation Online

Cotton price jumps 195% above minimum |The Nation Online: "Cotton price jumps 195% above minimum

Cotton farmers continue to smile all the way to the bank as the buying price for the commodity in all the markets except Karonga, has jumped more than 195 percent above the government set minimum price.

Government through the Ministry of Agriculture and Food Security set the minimum farm-gate price for cotton, one of the country’s strategic crops, at K78 per kilogramme (kg) for grade A, K3 up from last year, while grade B was put at K63 per kg, which is K7 lower than last year’s K70 per kg."

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