Cotton: Export revenues up 27% in 2017

Agriculture

Tuesday, 13 November 2018 13:41

(Togo First) - In 2017, cotton exports generated CFA57.9 billion, their highest level since 2012. This represents a 27% increase compared to the previous year.

It is mainly attributed to a rise in global prices paired with a surge in exported volumes. In detail, while prices grew 9% over the period reviewed, Togo exported 47,900 tons of cotton last year, thus 11 tons more than in 2016, according to data gathered by Togo First.

With such a free on board (transport fee, insurance and taxes excluded) export revenue, Togo was able to slightly mitigate the fall of its exports. The latter stood at CFA532 billion last year, thus corresponding to a 17% contraction compared to the year before.

During the 2017/2018 season, Togo produced 117,000 tons of cotton, up 8% against the previous season. For the current season, Nouvelle Société Cotonnière du Togo (NSCT) eyes an output of 140,000 tons.

Fiacre E. Kakpo

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