Print this page
Cameroon: Sodecoton noticed a decrease in production in 2016 due to harsh climate

The cotton production in Cameroon should drop by approximately 10,000 tons during the 2016-2017 season. Indeed, production forecasts from Société de Développement du Coton (Sodecoton), the agribusiness giant in Northern-Cameroon, officially peak at 248,150 tons of cottonseeds, against 258,000 tons produced during the last season.

Despite this slight decrease which can be imputed to the harsh climate, the company’s provisional figures shown during the Promote Fair, an economic event which ended on 19 February 2017 in Yaoundé; ginning activities, will ultimately, help getting slightly more fibres than during the past cotton season. Representing 109,000 tons in total, against 107,000 tons in 2015-2016.

The company’s crushing activities will be more dynamic during the current season, with a cumulated production of cotton and soy oil estimated at 17 million litres, in increase by 2 million litres compared to the previous season. Concurrently, cottonseed meal production, highly sought as livestock feed, is announced at 65,213 tons, a slight drop compared to the 66,000 tons produced in 2015-2016.

The turnover of the company is also expected to increase at FCfa 122.662 billion, against FCfa 114 billion during the previous season. To reach this target, Sodecoton launched a challenge meant to reward distributors who have the best turnover, and was able to get partners to boost the distribution of its cotton and soy oils in Southern-Cameroon.

The expected performances are the consequence of a slew of measures taken these past months by the management of this company, who has been facing financial difficulties for at least 2 years. Indeed, we learned from reliable sources, through its equity and with the support of the State of Cameroon, shareholder owning 59% of Sodecoton, 70% of the industrial equipment and fleet of the company were renovated, while the credit line negotiated with the Islamic Development Bank (IDB), to purchase fertilisers to distribute to producers, was increased; moving from FCfa 8.5 to 13 billion.

BIC

Concord Newsdesk

A plea from Cameroon Concord........

Thank you for reading our magazine, we have a plea to ask you our readers. Over the last two years, hits on our articles have been climbing, we have had an increase in clicks and also a broader reading audience on our social media channels.Our readers have been writing to us requestion for news updates from Cameroon/Southern Cameroons. We have as well been trying to give you the best we can, however, we are short of finances to recruit reporters to carry on independent and investigative journalism which takes a lot of time, money and hard work to produce. We are therefore pleading on you to support our efforts for this platform to be able to keep up the good work we are doing.

For as little as €1, you can support Cameroon Concord– and it only takes a minute. Thank you.

 

Website: www.cameroon-concord.com Email This email address is being protected from spambots. You need JavaScript enabled to view it.
X

Right Click

No right click

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…