Public Management

World cotton global subsidies reached $5.4 billion in 2018/2019

World cotton global subsidies reached $5.4 billion in 2018/2019
Tuesday, 26 November 2019 15:41

Global public subsidies allocated to the cotton sector amounted to $5.4 billion in 2018/2019. The figure was provided by the International Cotton Advisory Committee (ICAC) in its “Production and Trade Subsidies Affecting the Cotton Industry” report published November 24. The previous year, subsidies was $5.5 billion. 

According to the ICAC, 10 nations have engaged in producer support mechanisms, namely Colombia, Côte d'Ivoire, China, USA, Mali, Greece, Senegal, Spain, Burkina Faso, and Turkey.

China and the USA grants $3.5 billion and $1.2 billion respectively in subsidies. In West Africa, Burkina Faso leads with $35 million dedicated to cotton inputs, including fertilizers and seeds. Next comes Mali ($35 million), Côte d'Ivoire ($15 million) and Senegal ($1 million).  

As a reminder, cotton is grown on 30 to 36 million hectares worldwide. In Africa, it is the main source of income for millions of farmers in more than 15 countries.

Espoir Olodo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Relance 2026-2030 program Bank’s cumulative financing in...
Burkina Faso has created Yennenga Holding to centralize state stakes in banks and a reinsurer. The new entity will manage holdings in BCB, BADF,...
Chinaplans to remove tariffs on imports from African countries starting May 1, 2026. Analysts say more industrialized African economies could...
CEMAC prices fall 0.4% in Q4 2025, ending five-year rise Inflation stood at 2.8%, below region’s 3% threshold Sharpest price declines recorded in...
Most Read
01

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
02

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
03

Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...

Airtel Africa and Deloitte: A Seven-Year Relationship, $37 Million in Fees and a Planned Handover
04

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
05

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.