AGHA 7.84 Increased By ▲ 0.03 (0.38%)
BECO 5.18 Decreased By ▼ -0.03 (-0.58%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.90 Decreased By ▼ -0.13 (-0.38%)
CNERGY 9.83 Decreased By ▼ -0.13 (-1.31%)
CSIL 5.31 Increased By ▲ 0.01 (0.19%)
FCCL 54.20 Decreased By ▼ -0.50 (-0.91%)
FFL 16.60 Decreased By ▼ -0.09 (-0.54%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.40 No Change ▼ 0.00 (0%)
KOSM 5.77 No Change ▼ 0.00 (0%)
LOTCHEM 29.29 Decreased By ▼ -0.03 (-0.1%)
MLCF 93.27 Decreased By ▼ -1.09 (-1.16%)
NBP 203.00 Decreased By ▼ -0.05 (-0.02%)
NCPL 56.80 Decreased By ▼ -0.20 (-0.35%)
NPL 67.92 Increased By ▲ 0.22 (0.32%)
OGDC 315.40 Decreased By ▼ -0.44 (-0.14%)
PACE 10.69 Increased By ▲ 0.05 (0.47%)
PAEL 43.10 Decreased By ▼ -0.10 (-0.23%)
PIBTL 16.65 Decreased By ▼ -0.09 (-0.54%)
PPL 219.00 Decreased By ▼ -0.78 (-0.35%)
PRL 48.65 Decreased By ▼ -0.54 (-1.1%)
PTC 70.75 Increased By ▲ 0.22 (0.31%)
SSGC 27.80 Decreased By ▼ -0.45 (-1.59%)
TBL 9.84 Decreased By ▼ -0.02 (-0.2%)
TELE 8.85 Increased By ▲ 0.06 (0.68%)
TPL 18.19 Decreased By ▼ -0.05 (-0.27%)
TPLP 13.37 Increased By ▲ 0.10 (0.75%)
TREET 22.72 No Change ▼ 0.00 (0%)
TRG 60.23 Increased By ▲ 0.09 (0.15%)

NEW YORK: Ivory Coast, Africa's fourth-largest cotton producer, is expected to export record amounts of cotton in the 2019/20 season, according to an report by a US Department of Agriculture attache published on Wednesday.

Ivorian cotton exports in 2019/20 are forecast at 875,000 bales, a new record, as yields improve and the area dedicated to cotton production expands. Overall production for 2019/20 is forecast at 925,000 bales.

The Ivorian government has a one million bale production target for 2020/2021.

"Assuming normal conditions, the country appears poised to solidify its status as one of Africa's major exporters behind only Mali, Benin, and Burkina Faso," the report said.

Almost all of the cotton Ivory Coast produces is exported for further processing elsewhere. The Ivorian textile industry struggles to compete globally, a challenge that is expected to persist, the report said. Bangladesh is the top importer of Ivorian cotton.

Copyright Reuters, 2019

Comments

Comments are closed for this article.