In an effort to deter cotton growers from smuggling their harvested crop to neighbouring Nigeria, Cameroon’ state firm SODECOTTON has raised its procurement price of raw cotton from last season’s 200 CFA francs per kg to 255 CFA francs (US$ 0.5) per kg, a rise of 27.5 percent.
SODECOTTON said Cameroon hikes cotton procurement price
In an effort to deter cotton growers from smuggling their harvested crop to neighbouring Nigeria, Cameroon’ state firm SODECOTTON has raised its procurement price of raw cotton from last season’s 200 CFA francs per kg to 255 CFA francs (US$ 0.5) per kg, a rise of 27.5 percent.
SODECOTTON said Subscribe to iCameroon.Com Newsletter
