Togo: Cotton sector to see breakthrough after talks between Olam and farmers

Published Jun 14, 2024

Tridge summary

Togolese cotton farmers and the government recently engaged with the Olam Group to discuss the state of the cotton industry, following a season marred by strains and reduced production. The meeting, which took place on June 11 and 12 at the Ministry of Agriculture in Lomé, aimed to address concerns such as the setting of seed cotton purchase prices and the sale of fertilizers at subsidized prices. A tripartite committee was also established to address industry challenges. This meeting marks a critical effort to address farmers' concerns about Olam's management and to enhance industry performance after nearly three years of operations.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Togo First) - Togolese cotton farmers and the government recently met with Olam Group to discuss the cotton industry. This could be good news for the sector, after a 2023/2024 season marked by tensions and mild output. The meeting took place on June 11 and 12 at the Ministry of Agriculture in Lomé, gathering the industry’s key players. The Minister of Agriculture, Antoine Gbegbeni, oversaw the talks, alongside representatives of the Nouvelle société cotonnière du Togo (NSCT) and the Fédération nationale des groupements de producteurs de coton du Togo (FNGPC). Major issues covered included the fixing of the purchase price of seed cotton at 300 F CFA for 1st choice and 280 F CFA for 2nd choice. The goal was to guarantee farmers better remuneration. It was revealed that NPKSB and Urea fertilizers will be sold at subsidized prices (14,000 F CFA per 50-kilogram bag). The decisions emerged after farmers complained about input costs. Also during the sitting, a tripartite committee was ...

Source: Togofirst