With the marketing of the crop, also referred to as the "white gold", already underway,
"We are coming towards the end of intake and our purchased quantities are in line with level of our inputs funding," Mr Chihuri said at the company's annual general meeting, without disclosing how much cotton had been delivered to the company.
"We should be able to recover our input costs by end of season."
Despite challenges of pricing and side marketing, which have rocked production of the crop, resulting in some farmers abandoning it for tobacco, Mr Chihuri said cotton production remained a viable business.
"We need to change the perception that cotton as a business is not viable as the principal ingredient to profitability is yield improvement," he said.
He said the company was pushing a drive to increase national cotton production focusing on increasing its profitability through cost reduction.
"Industry initiatives are targeting improvements through farmer training and improved extension where we are complementing Agritex," he said.
Over production of the crop which is exceeding demand by nearly three million tonnes at an international level, remained a factor affecting price stability, he said.
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