Home / Knowledge / News / Textiles / Cameroon aims to produce 240,000 tons of cotton in 2014
Cameroon aims to produce 240,000 tons of cotton in 2014
16
Jan '14
The Cotton Development Company (SODECOTON) of the west Central African country of Cameroon has set the target of producing 240,000 tons of cotton in 2014, as against 210,000 tons produced in 2013.
 
The target set by SODECOTON for 2014 is 30,000 tons more than the cotton output achieved last year, reports Agencia Ecofin.
 
In order to achieve the set target the company has also started operations for quick purchase from farmers this year, in order to restrain them from selling their produce in Nigeria.
 
In November 2013, the President of Cameroon Paul Biya signed a decree authorizing the Minister of Economy of the country, for a loan agreement of €13 million with the Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank (IDB), in order to finance the 2013-14 cotton harvest period in the country.
 
The loan would be utilized by SODECOTON for financing the current season of cotton harvest in the country. 
 
In January 2013, for the previous cotton harvest period, SODECOTTON benefitted from 5 Cameroonian banks, which provided a credit of 15 billion CFA francs, under the leadership of Commercial Bank of Cameroon (CBC), to the agency for cotton harvest.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search