Home / Knowledge / News / Textiles / Burkina farmers to get lower price for cotton in 2014-15
Burkina farmers to get lower price for cotton in 2014-15
19
Apr '14
Cotton growers in Burkina Faso would get 225 CFA francs for one kilogram of produce for the 2014-15 season, compared to the previous season’s price of 245 CFA francs per kilogram, the Interprofessional Cotton Association of Burkina (AICB) has announced, Afriquinfos reported.
 
The AICB members expect the country’s raw cotton production to go up to 800,000 tons in the 2014-15 cotton season, while the price of cotton will continue to decline in the world market.
 
On the basis of the three-year average price trend, AICB has determined the floor price of 225 CFA francs per kilogram of raw cotton of the first choice for the next season, while the second choice cotton would have price of 200 CFA francs.
 
The decrease in cotton price should not act as a discouragement for farmers, as their input prices would also decline due to a Government grant of over 9 billion CFA francs (approx. US$ 18 million), KarimTraoré, AICB president said.
 
Moreover, banks are also going to reduce the rate of interest on credit granted to cotton growers, he added.
 
In 2013-14 season, braving difficult and poorly distributed rainfall, farmers in Burkina Faso produced 750,000 tons of cotton, making the country the largest cotton producer in Africa. During the season, farmers got about 95 billion CFA francs for their produce.
 
In 2012-13 season, Burkina Faso produced 630,000 tons of cotton, 51 percent more than 417,000 tons of cotton produced in the previous season.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search