Malawi’s cotton production plummets causing industry chaos
According to a report by Malawi’s “The Nation” on April 28, 2016, Chi Penggu, chairman of the Malawi Cotton Ginners Association, said that some cotton gins did not provide production subsidies to cotton farmers, but they received money from these farmers. Ginning plants that purchase cotton and provide production subsidies cannot purchase cotton, causing chaos in the cotton industry. Measures should be introduced to punish those cotton companies that purchase without investing.
The main cotton gin factories in Malawi include Great Lakes Cotton Company, African Cotton Company, Toleza Company, Malawi Cotton Company, and African Asia Company. Chi Pengu said that companies that provide loans to cotton farmers face huge risks because many farmers cannot repay their loans in time. In the last planting season, cotton ginners provided a total of 2 billion kwacha loans to cotton farmers, but only received 700 million kwacha in repayment. Some cotton companies enjoy government subsidies but do not provide any subsidies to cotton farmers. Jinyamba, vice chairman of the Malawi Cotton Commission, said that the root cause of some cotton ginneries’ rush to buy cotton is insufficient cotton production. If cotton production was sufficient, such problems would not occur. The Malawi government needs to formulate measures to punish those who break the rules. enterprise.
Agricultural experts believe that Malawi’s cotton yield can reach 3,000 kilograms per hectare, while the current yield per hectare is only 800-900 kilograms. Affected by the El Niño phenomenon, Malawi’s total cotton output this year is expected to be only 22,000 tons, a 43% decrease from last year. Malawi’s cotton production plummets, causing industry chaos
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