Mozambique: Cotton subsidy to impact 600,000 people

Mozambique’s government is going to subsidise the purchase of cotton by five meticais (€0.07 per kilogram for the current season, stabilising prices and benefiting 600,000 farmers, as well as encouraging a “culture of trust”, said the minister of agriculture. “This price stabilisation and this subsidy that we are approving will affect around 100,000 families. We’re talking about a universe of 600,000 people who will have their income stabilised,” said Mozambique’s Minister of Agriculture and Rural Development, Celso Correia. The announcement was made during a meeting with representatives of the National Forum of Cotton Producers (FONPA) and the Cotton Association of Mozambique (AAM) as part of the platform that, in recent years, has been negotiating proposals for the minimum price for seed cotton and the ginning fee, based on the approved calculation mechanism. For the 2023/24 marketing year, a minimum price of 30 meticais (€0.43) per kilogram was set for the sale of cotton, ...