The Star Early Edition

Cot­ton price un­changed


IVORY COAST has an­nounced it would keep the gov­ern­ment-man­dated price for farm­ers’ cot­ton un­changed for the 2017/18 sea­son de­spite low global prices. Ivo­rian farm­ers would be paid 265 CFA francs (R6.72) a kilo­gram when har­vest­ing be­gan this month, which would force the gov­ern­ment to sub­sidise the pay­ments, gov­ern­ment spokesman Bruno Kone said. The cot­ton sea­son in Ivory Coast runs from May to April, with plant­ing beginning with the first rains in May and har­vest­ing open­ing in late Novem­ber. Out­put peaked at 450 000 tons in the 2014/15 sea­son, but has since lan­guished at about 300 000 tons.

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