Mali set target to produce 800,000 tonnes of cotton per year by 2018 Mali, Africas 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 CMDTs 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 Malis over 15 million people grow cotton.
Posted on: Sat, 24 Jan 2015 04:09:47 +0000
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