Sodecoton to create price stabilization fund

Against the fluctuation of the price of cotton on the international market, situations are generally detrimental to producers who are less paid for their efforts. With regards to this, Sodecoton Corporation intends to establish "Fund for price risk management of the Cameroonian cotton sector.”

This is a kind of price stabilization fund, it will be co-managed by Sodecoton and the Confédération nationale des producteurs de coton of Cameroon (NCPC-C).

Although this public agro-industrial company is a little eloquent on the deadline for the establishment of this Fund, which is part of the projects stopped by the management of the company, the announcement of the next implementation of C-FGRPC is good news for the 250,000 producers who make up Sodecoton in the northern part of Cameroon.

As was recently revealed by Commodafrica, world cotton prices "have lost 30% of their value since August 2013, a situation which seriously leaden cotton companies and producers of white gold revenues.