New prospects for cotton sector

There are good prospects for the development of the cotton sector in Cameroon, with among others, an expected increase in the production of the Cotton Development Company (SODECOTON).

Midway through the cotton farming season, sources close to SODECOTON foresee an annual production of 270,000 tons, against 240,000 tons the previous season, representing a 30,000-ton increase.

Although it is true that planned production will be lower than 300,000 tons realized a few years ago, the projected increase in the country’s production will be the highest in the cotton sector during the past few years, according to sources.

Besides, SODECOTON has just increased its capital to the tune of CFA 19.1 billion, bringing it to CFA 23.6 billion against an original capital of CFA 4.5 billion, representing an increase of about 600 percent of the company’s capital.

SODECOTON, the flagship of Cameroon’s agro-industry plays an important role in the economic activity in the north of the country by ensuring the training and supervision of over 250,000 local cotton producers.