Home / Knowledge / News / Textiles / Mali sets 2014-15 cotton production target at 600,000 tons
Mali sets 2014-15 cotton production target at 600,000 tons
19
Jul '14
Mali, a landlocked country in Western Africa, has set cotton production target of 600,000 tons for 2014-15, much higher than the 440,000 tons produced in the last season.
 
Cotton sowing is already complete on 570,300 hectares or 97 percent of the planned area for cotton production in 2014-15, according to the data from the Malian Company for the Development of Textiles (CMDT), reports Ecofin Agency.
 
To boost the development of the country’s agricultural, including cotton, sector, the President of Mali has allocated 15 percent of the national budget for investment in the sector. Of this, an amount of approximately US$ 80 million would be used for providing subsidy on fertilizers.
 
Mali is currently the second-largest producer of cotton in Africa, next only to Burkina Faso, which produces over 500,000 tons of cotton annually. About 3.5 million farmers are engaged in the production of cotton, which is the second-largest export product for Mali after gold.
 
At present, cotton growing in Mali is also being impacted by poor soil. In its effort to address the problem, the Government of Mali is currently developing a soil fertility map and is also correcting soil acidification, which needs large investment.
 
Another challenge being faced by the Malian cotton sector is value-addition. At present, only 1-2 percent of the cotton grown in the country is processed locally, and the remaining gets exported.
 
The Malian Government created CMDT in 1974 to oversee the production and marketing of Mali’s cotton. It is based in Bamako and has several production sites throughout the country, in particular at Koutiala and Fana.
 

Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Angelina Francesca Cheang
MY ANJE

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

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Cigdem Akin
Cigdem Akin

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


May 2018

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

news category


Related Categories:

Advanced Search