Home / Knowledge / News / Textiles / 'Nigerian cotton fetches lower price in global market'
'Nigerian cotton fetches lower price in global market'
07
Jan '15
Cotton from Nigeria is sold at lower prices in the international market, compared to the price of cotton from Burkina Faso, China, and India, BusinessDay reported.

The price of Nigerian cotton is less as Nigeria does not produce Biotechnology (BT) cotton because of the non-passage of the bio-safety bill which would allow cotton producers to purchase and cultivate BT cotton in Nigeria.

Speaking at a Cotton Value Chain stakeholders’ forum held in Abuja last month, Hamma Ali Kwajaffa, president of the National Cotton Association of Nigeria (NACOTAN), said BT cotton which is significantly cheaper to produce, commands higher prices in the global market.

Kwajaffa said the use of BT cotton would increase the quality and quantity of cotton output in Nigeria, reduce the spraying of insecticides, and thereby, reduce cost of production and the harm that pesticides have on farmers’ health.

He further said that currently in Nigeria, farmers get less than one ton per hectare of cotton planted, while countries that have adopted BT cotton get as much as four tons per hectare.

According to Kwajaffa, Nigeria’s cotton is currently discounted in the international market and sold for an equivalent of N80,000 per ton, whereas the same measure of BT cotton from other countries is sold for N200,000 to N300,000.

Salman Abdullahi, president of the Ginners’ Association, said there are over 42 ginneries in the country and each ginnery has a minimum of 9,000 farmers supplying it, but each ginnery is still not working at full capacity.

Abdullahi said the farmers have been receiving support from the Federal Government of Nigeria in form of inputs, but the poor productivity of the cotton farms deters young people from taking up cotton farming. (GK)

Fibre2fashion News Desk - India


Must ReadView All

New Investment for traditional Myanmar textiles, weavers

Textiles | On 21st Oct 2018

New Investment for traditional Myanmar textiles, weavers

Myanmar Artisans Co Ltd, Turquoise Mountain and the DaNa Facility,...

Pak knitwear exporters plan environmental compliance

Textiles | On 21st Oct 2018

Pak knitwear exporters plan environmental compliance

Pakistani manufacturers and exporters of knitwear garments have...

Courtesy: Hyosung

Textiles | On 21st Oct 2018

Hyosung converting spandex plants into smart factories

Hyosung TNC, the textile and trading unit arm of Hyosung, is...

Interviews View All

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

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

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

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

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


October 2018

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

news category


Related Categories:

Advanced Search