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Cameroon's 2022 cotton production is expected to reach a new high

 Last Update: 2022-03-03
 Source: Internet
 Author: User

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Cameroon's ecomatin website reported on February 2 that the Cameroonian Cotton Development Company (Sodecoton) expects cotton production to hit a record high of 370,000 tons in 2022, a year-on-year increase of 3.
6%
.
There are two main reasons for the increase.
First, the company has enough cash to pay for cotton purchases, which increases farmers' confidence in cotton planting.
Second, the cotton price is higher, reaching 255 CFA francs (about 0.
45 US dollars) per kilogram
.
The company plans to increase cotton production to 600,000 tons by 2025
.

Cameroon Cotton Development Company was established in 1974 with a registered capital of 23.
643 billion CFA francs, with the Cameroonian government holding 59%
.
Cameroon's cotton industry is mainly distributed in Adamawa, the north and the extreme north.
It is one of the pillars of Cameroon's economy, accounting for 2.
5% of the economy and 4% of its exports
.

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