BreakingNewsBusinessCurrent NewsNationNewsTech-Business

MP’s argue legal instrument on cotton, protects private firms over Presidential Input Scheme


The Parliament’s committee on Lands and Agriculture says the Statutory Instrument promulgated by the Ministry of Lands, Agriculture, Fisheries, Water and Rural Resettlement must stop sabotaging Cotton.

The Committee, chaired by Gokwe Nembudziya legislator Cde Justice Mayor Wadyajena (Zanu PF) said this today in Parliament when officials from the Ministries of Lands, Agriculture, Fisheries, Water and Rural Resettlement and Finance and Economic Development, Cottco and Reserve Bank of Zimbabwe Governor, Dr John Mangudya, appeared before it to discuss payments for cotton.

THE Committe identified five companies as the sole buyers of contracted lint did not protect Cottco, which holds 98 percent of the market share of farmers contracted under the Presidential Input Scheme.

Members of Parliament have expressed concern over a legal instrument on cotton contracting companies, saying it protects private firms more than it does the Presidential Input Scheme that holds 98 percent of the market share.

Legislators took turns to berate the Statutory Instrument which they felt armed four private firms to buy contracted cotton, including that of Presidential Inputs Scheme that should be bought by Cottco.

They said there was not enough restrictions to stop the firms from making misrepresentation to vulnerable and desperate farmers to sell them the lint that should solely be sold to Cottco.

“Why should we have an SI that protects companies with two percent share instead of Presidential Inputs Scheme that have 98 percent,” said Cde Wadyajena. “We are encouraging these companies to go out in the rural areas to steal Presidential Input Scheme. In your wisdom, what were you trying to achieve.”

Secretary for Lands, Agriculture, Fisheries, Water and Rural Resettlement, Dr John Basera, said while the issues raised by legislators were pertinent, the essence of the legal instrument was to ring-fence contracted cotton from being side-marketed.

Ross Moyo

Bosso Continues to use Netone Branded kits despite contract termination

Previous article

Pfumvudza/Intwasa to increase household and national food security through farm mechanisation

Next article

You may also like


Leave a reply

Your email address will not be published.

More in BreakingNews