China-African Cotton Zambia, during the 2013 marketing season, purchased 11,000 tons of cotton at a cost of more than K26.4 million [US$4.3 million]. Company deputy general manager Ma Ningchao confirmed yesterday in Chipata that the company managed to purchase the commodity from the cotton farmers in Eastern Province during the marketing season…Full-text article: AllAfrica Nov 2013

Key Point

  • According to the deputy general manager, the company purchased cotton at K2.40 (~US$0.42) per kg.

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