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2006-12-27 | permalink
Sahelian cotton farmers on their knees
The head of a delegation from the main cotton buying company in Burkina Faso, Sofitex, recently met with some 200 local farmers under a mango tree in western Burkina Faso to explain to them that they should expect to get 150 CFA (US 30 cents) a kilo for their next harvest, or 9 percent less than they got for the previous year. [...] But these and other cotton farmers are not in a mood to listen. The price of cotton has fallen every year since 2003 when it was 210 CFA (US 42 cents, converted at the current rate). The industry, which counts for 60 percent of Burkina Faso's cash exports, provides more than a quarter of the 13 million people in one of the world's least developed countries, with some income.
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2006-12-27 | permalink
Sahelian cotton farmers on their knees
The head of a delegation from the main cotton buying company in Burkina Faso, Sofitex, recently met with some 200 local farmers under a mango tree in western Burkina Faso to explain to them that they should expect to get 150 CFA (US 30 cents) a kilo for their next harvest, or 9 percent less than they got for the previous year. [...] But these and other cotton farmers are not in a mood to listen. The price of cotton has fallen every year since 2003 when it was 210 CFA (US 42 cents, converted at the current rate). The industry, which counts for 60 percent of Burkina Faso's cash exports, provides more than a quarter of the 13 million people in one of the world's least developed countries, with some income.
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