Cotton Sector Strategies in West and Central Africa
October 1, 2002
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Summary
Cotton production in West and Central Africa (WCA) has contributed to growth and poverty reduction. Recently, the objective of poverty alleviation has been adversely impacted by the downward pressures on world prices (exacerbated by subsidies by major cotton producers outside Africa). Several countries in WCA are undergoing reforms in the cotton sector to stimulate greater market competition and raise the share of the international price going to farmers. While these efforts would help to improve rural income irrespective of the world market situation, they would be more powerful in combination with a reduction in other countries’ subsidies in this sector.
Subject: Agricultural commodities, Agricultural prices, Commodities, Competition, Credit, Financial markets, Money, Prices, Producer prices
Keywords: Agricultural commodities, Agricultural prices, Central Africa, company, Competition, cotton company, Cotton Sector Reform, Cotton Subsidies, Credit, ginning company, Global, government, marketing company, meal processing company, monopoly system, price, private sector, Producer prices, Sub-Saharan Africa, WCA country, West Africa, West and Central Africa, World Cotton Market, world prices firm, WP
Pages:
21
Volume:
2002
DOI:
Issue:
173
Series:
Working Paper No. 2002/173
Stock No:
WPIEA1732002
ISBN:
9781451858648
ISSN:
1018-5941
