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According to the 2024 budget execution data from the Ministry of Finance, the production of cotton, one of the country’s main crops, fell short of the 40,000 tonnes forecast, meeting only 60% of the target, despite exceeding the 23,516 tonnes of 2023. Cotton production by area in Mozambique grew to 96,523 hectares in 2024, up from 95,097 hectares the previous year.
Mozambican cotton exports yielded 61% less in the first nine months of 2024 compared to last year, despite national production rising, according to official figures consulted yesterday by Lusa.
A report by the Bank of Mozambique on national exports from January to September details that they amounted to USD 11.9 million (€11.1 million), while in the same period in 2023, they aggregated USD 30.3 million (€28.3 million).
According to the 2024 budget execution data from the Ministry of Finance, the production of cotton, one of the country’s main crops, fell short of the 40,000 tonnes forecast, meeting only 60% of the target, despite exceeding the 23,516 tonnes of 2023. Cotton production by area in Mozambique grew to 96,523 hectares in 2024, up from 95,097 hectares the previous year.
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President of the Mozambican Cotton Association (AAM), Francisco Ferreira dos Santos, said cotton in Mozambique represented an annual average of USD 30 to USD 50 million (€28 to €46.7 million) in exports over the last 10 years. Last year, the Mozambican government granted a subsidy for the purchase of cotton of five meticais (USD 0.7) per kilogram in the current campaign, stabilising prices and benefiting 600,000 farmers.
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