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Yaoundé - 15 August 2022 -
Agriculture

Cameroon: Beac forecasts cotton production to decline in Q3 2022

Cameroon: Beac forecasts cotton production to decline in Q3 2022
  • Comments   -   Wednesday, 13 July 2022 14:50

(Business in Cameroon) - The Bank of Central African States (Beac) issued a bulletin forecasting a QoQ drop in cotton production in Cameroon over the third quarter of 2022. The institution attributes this decline to the end of the 2021-22 season, which took place in May.

However, executives of the cotton development corporation (Sodecoton) reported that compared to the previous campaign, production increased by 3.6% over the period. Indeed, the company said it ended the 2021-22 season with 370,000 tons of cotton, up 13,000 tons from the 357,000 tons previously.

This new record for the 2021-22 season brings the agro-industrial unit closer to its objective of hitting 400,000 tons in 2025. To achieve this goal, Sodecoton recently kicked off investments to improve its processing capacity.

On March 6, 2021, the company started the construction of its 10th cotton ginning plant in the town of Gouna. The project to build a new oil mill in Ngaoundéré, estimated at CFA25 billion, is also on a good way.

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