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
Botswana signs $12 billion investment agreement with Qatar’s Al Mansour Holdings Deal spans ...
Zambia and Qatar’s Al Mansour Holdings signed a $19 billion partnership in Lusaka. The...
Africa surpasses 70 GW renewables, remains import-dependent. China dominates solar, batteries...
It’s a common scene in any Lomé (Togo) market, but it’s telling. A customer hands a 10,000 CFA franc...
Egypt’s handset market is projected to leap from $2.5 billion in 2025 to $4.8 billion by...
• Petrobras left Nigeria in 2019 but is now preparing a return under talks on deepwater blocks.• Tinubu and Lula pledged closer cooperation across energy,...
• Kibing Group plans a facility in Algeria producing 1.53m tons of solar glass annually.• The project includes a silica sand processing unit and will...
• ECOWAS plans a rapid deployment brigade of 260,000 troops costing $2.5bn annually.• The force will back frontline states with logistics and...
Mali hosts two lithium mines, Goulamina and Bougouni, which are primarily controlled by Chinese firms that channel their output through local...
The Nile River Festival is one of East Africa’s most iconic sporting events, held each year in Uganda on the mighty waters of the Nile. Hosted mainly in...
Yambi City is an annual festival that takes place every year-end in Kinshasa, driven by the Afrika Diva collective and spearheaded by activist rapper...