Cottco Holdings Limited Reports Cotton Intake for 2023 Grew by 48% Compared to 2022

Published On: February 8, 2024Company: Cottco Holdings Limited (
What key aspect could have led to Cottco's projected financial break-even by the end of March 2024?
The company’s projected financial break-even could be attributed to a combination of factors including improved cost management, increased demand for their products, particularly international lint, and a substantial increase in cotton intake in 2023.


  • International lint prices have rebounded due to increased demand, especially from China.
  • Domestic demand for ginned seed from oil expressors has outpaced available supplies.
  • Despite liquidity challenges, Cottco managed to settle a significant percentage of farmer payment dues.
  • Cotton intake for 2023 grew by a staggering 48% compared to 2022.
  • Some business operations were hampered due to power supply issues, impacting ginning completion and product receipt schedules.
  • Significant stock of lint and ginned seed in hand, with ongoing customer collections.
  • Financially, the company is poised to break even by the end of March 2024.
  • External audit work covering five years leading up to 2022 has recently been completed.
  • Ownership of the Government’s 37.1% stake in Cottco is now held through Mutapa Investment Fund.
  • Key management changes include the departure of the CEO, with the COO stepping in for the interim.
  • Changes in cotton input distribution and monitoring by government agencies.
  • Due to El Nino conditions, there will be an anticipated delay in cotton intake.

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About Cottco Holdings Limited (

Cottco Holdings Limited is a cotton-producing company engaged in the process of grading, testing, classifying and marketing of cotton in Zimbabwe. The company, which is listed on the Zimbabwe Stock Exchange, is an exporter of cotton in the country. Cottco is a vertically integrated operation, controlling a range of activities such as ginning, packing, warehousing, and transport. The company also manages its own seed production activities and provides a range of services for small-scale farmers.

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