+917718880355

news

Mali set target to produce 800,000 tonnes of cotton per year by 2018

YarnsandFibers News Bureau 2015-01-23 15:00:00 – Mali

Mali, Africa's third biggest gold producer behind South Africa and Ghana, also counts cotton as one of its main exports. The head of the state-owned textile development firm CMDT on Thursday said that Mali plans to produce 800,000 tonnes of unginned cotton per year by 2018 after output surged by more than a quarter in the 2014/15 season on the back of improved farm inputs.

The government increased input subsidies and lowered the price of fertilizers, this significant grant from the state gave a lot of momentum to cotton production.

According to CMDT's five-year development plan the West African nation is anticipating production of 650,000 tonnes in the 2015-2016 season, 725,000 tonnes in 2016-2017, and 800,000 tonnes in 2017-2018,. To achieve its targets, Mali plans to invest between 60 to 70 billion CFA francs ($122 million) per year. From around 3.5 million farmers out of Mali's over 15 million people grow cotton.

Kalfa Sanogo a representative of the UN Development Programme (UNDP) said that final production figures for the season stood at 552,000 tonnes, compared with 440,000 tonnes the previous season.

Keeping the target means continuing measures that helped to attain the 25 percent jump in output this year. The measures include lower farm input prices, improving soil fertility, motivating farmers with favourable farm gate prices and immediate cash payments after harvest.

Please Login to comment

Other services

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!