Ivory Coast Aims to Boost Cotton Output

Posted by Eric Haun
Thursday, June 26, 2014

Ivory Coast is aiming to boost its seed cotton output to 600,000 tonnes in the next two years, the head of the country's industry regulator said on Thursday, marking the latest advance for a sector recovering from a decade of war and political crisis.

The country - the world biggest cocoa producer - was also one of West Africa's major cotton exporters, with an annual output of about 400,000 tonnes, before a 2002-2003 civil war split the country in two and halved production.

Output has been growing over the past five years thanks to government and donor efforts.

"We were able to reach 400,000 tonnes during the season that just finished," Malamine Sanogo, the managing director of the Cotton and Cashew Council, told Reuters. "That's the highest output since the beginning of the crisis and shows that the sector is rebounding."

Cotton planting in Ivory Coast generally starts in the second half of May with the first rains, and harvesting begins slowly in late October before picking up sharply in December.

Sanogo said the Council was forecasting production of 420,000 tonnes for the coming season.

"The interest in cotton from the farmers can bring us to achieve the government's wish, which is to produce 600,000 tonnes two years from now," he said.

The government has earmarked 7 billion CFA francs ($14.50 million) to subsidise inputs for farmers, Sanogo said, adding that he expected the government guaranteed farmer price to match if not exceed last year's level of 250 CFA francs per kg.

($1 = 482.6940 CFA francs)

(Reporting by Loucoumane Coulibaly; Editing by Joe Bavier and David Evans)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

Halliburton to Settle US Gulf Spill Claims for $1.1b

Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.

Panama Canal Generates VER Carbon Credits

The Panama Canal Authority (ACP) informs it has certified Verified Emission Reductions (VERs) or carbon credits, within the framework of the Sustainable Forest

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

News

Two MCS Exhaust Gas Boilers to Tersan Shipyard

Parat Halvorsen AS has been awarded new boiler plant contracts for two freezer trawlers to be built at Tersan Shipyard located in Telova, Turkey. The boiler plants are for Tersan¹s newbuildings No.

Halliburton to Settle US Gulf Spill Claims for $1.1b

Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.

RDS Wins Engineering and Design Contract for Sea Lion

Rig design and engineering specialist RDS has been awarded a front-end engineering design (FEED) contract by AMEC for Premier Oil’s Sea Lion development in the North Falklands Basin.

Logistics

Rickmers-Linie Appoints Interliner Agencies

Hamburg based Rickmers-Linie has appointed Interliner Agencies as its new agent in South Central Europe. The agency contract covers Slovenia, Austria, Czech Republic,

Joe Barton: Lift Oil Export Ban

A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with

Tankship-specific Version of FindaportCD Released

Harbour & terminal information providers, Shipping Guides Ltd, says its latest tanker-specific  addition enables customers to access the most comprehensive port

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0987 sec (10 req/sec)