Cameroon’s cotton output is expected to reach 10,000 tons

According to a report by the “Cameroon Tribune” on November 5, according to statistics, in recent years, the amount of loans applied and obtained by the Cameroon Cotton Development Company (SODECOTON) from Cameroon’s domestic banks has increased year by year. The amount of loans obtained from 2011 to 2014 was respectively 6.5 billion CFA francs, 10 billion CFA francs, 15 billion CFA francs, 35.5 billion CFA francs. At the beginning of 2014, the general manager of Cameroon Cotton Development Company predicted that the company’s cotton output in 2014 is expected to reach 240,000 tons, a significant year-on-year growth. In addition, the Cameroon Cotton Development Company’s profits are also expected to increase from 1.5 billion CFA francs in 2010 to 8 billion CFA francs in 2014. Since 2012, the Cameroon Cotton Development Company has begun trial planting genetically modified cotton, which is expected to further increase the company’s cotton production.