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

Alliance to form joint entity for safety in factories

Textiles | On 24th Apr 2018

Alliance to form joint entity for safety in factories

On the 5th anniversary of the Rana Plaza Collapse, The Alliance for...

China’s Alibaba partners with Thailand for digital trade

Textiles | On 24th Apr 2018

China’s Alibaba partners with Thailand for digital trade

China’s Alibaba Group recently signed an agreement with the Thai...

ACFTA to benefit Egyptian RMG exports: trade body official

Apparel/Garments | On 24th Apr 2018

ACFTA to benefit Egyptian RMG exports: trade body official

Egypt’s readymade garment (RMG) sector’s exports to African countries ...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

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

Top executives
Textile industry

The foremost issue is bridging the skill gap

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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