AIRLINK 176.32 Increased By ▲ 0.96 (0.55%)
BOP 13.45 Increased By ▲ 0.36 (2.75%)
CNERGY 7.49 Increased By ▲ 0.12 (1.63%)
FCCL 45.29 Increased By ▲ 1.42 (3.24%)
FFL 15.22 Increased By ▲ 0.41 (2.77%)
FLYNG 27.00 Increased By ▲ 0.49 (1.85%)
HUBC 133.10 Increased By ▲ 1.62 (1.23%)
HUMNL 13.01 Decreased By ▼ -0.20 (-1.51%)
KEL 4.45 Increased By ▲ 0.05 (1.14%)
KOSM 5.96 Decreased By ▼ -0.04 (-0.67%)
MLCF 58.03 Increased By ▲ 1.61 (2.85%)
OGDC 218.28 Increased By ▲ 1.04 (0.48%)
PACE 5.87 Decreased By ▼ -0.02 (-0.34%)
PAEL 41.62 Increased By ▲ 0.52 (1.27%)
PIAHCLA 16.36 Decreased By ▼ -0.15 (-0.91%)
PIBTL 9.42 Decreased By ▼ -0.10 (-1.05%)
POWER 11.88 Increased By ▲ 0.37 (3.21%)
PPL 184.62 Increased By ▲ 0.39 (0.21%)
PRL 35.18 Increased By ▲ 0.73 (2.12%)
PTC 23.70 Increased By ▲ 0.59 (2.55%)
SEARL 94.53 Increased By ▲ 1.03 (1.1%)
SILK 1.17 Increased By ▲ 0.01 (0.86%)
SSGC 37.20 Increased By ▲ 0.36 (0.98%)
SYM 16.18 Decreased By ▼ -0.25 (-1.52%)
TELE 7.87 Increased By ▲ 0.13 (1.68%)
TPLP 10.74 Decreased By ▼ -0.04 (-0.37%)
TRG 61.34 Increased By ▲ 2.00 (3.37%)
WAVESAPP 10.77 Increased By ▲ 0.02 (0.19%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
YOUW 3.76 Decreased By ▼ -0.03 (-0.79%)
AIRLINK 176.32 Increased By ▲ 0.96 (0.55%)
BOP 13.45 Increased By ▲ 0.36 (2.75%)
CNERGY 7.49 Increased By ▲ 0.12 (1.63%)
FCCL 45.29 Increased By ▲ 1.42 (3.24%)
FFL 15.22 Increased By ▲ 0.41 (2.77%)
FLYNG 27.00 Increased By ▲ 0.49 (1.85%)
HUBC 133.10 Increased By ▲ 1.62 (1.23%)
HUMNL 13.01 Decreased By ▼ -0.20 (-1.51%)
KEL 4.45 Increased By ▲ 0.05 (1.14%)
KOSM 5.96 Decreased By ▼ -0.04 (-0.67%)
MLCF 58.03 Increased By ▲ 1.61 (2.85%)
OGDC 218.28 Increased By ▲ 1.04 (0.48%)
PACE 5.87 Decreased By ▼ -0.02 (-0.34%)
PAEL 41.62 Increased By ▲ 0.52 (1.27%)
PIAHCLA 16.36 Decreased By ▼ -0.15 (-0.91%)
PIBTL 9.42 Decreased By ▼ -0.10 (-1.05%)
POWER 11.88 Increased By ▲ 0.37 (3.21%)
PPL 184.62 Increased By ▲ 0.39 (0.21%)
PRL 35.18 Increased By ▲ 0.73 (2.12%)
PTC 23.70 Increased By ▲ 0.59 (2.55%)
SEARL 94.53 Increased By ▲ 1.03 (1.1%)
SILK 1.17 Increased By ▲ 0.01 (0.86%)
SSGC 37.20 Increased By ▲ 0.36 (0.98%)
SYM 16.18 Decreased By ▼ -0.25 (-1.52%)
TELE 7.87 Increased By ▲ 0.13 (1.68%)
TPLP 10.74 Decreased By ▼ -0.04 (-0.37%)
TRG 61.34 Increased By ▲ 2.00 (3.37%)
WAVESAPP 10.77 Increased By ▲ 0.02 (0.19%)
WTL 1.34 Increased By ▲ 0.03 (2.29%)
YOUW 3.76 Decreased By ▼ -0.03 (-0.79%)
BR100 12,244 Increased By 148 (1.22%)
BR30 37,375 Increased By 548.1 (1.49%)
KSE100 115,094 Increased By 1009.7 (0.89%)
KSE30 35,611 Increased By 353.6 (1%)

BAMAKO: Mali's cotton harvest in 2020 tumbled nearly 79% year-on-year to 147,200 tonnes partly because of a pandemic-induced price slump that forced farmers to plant less, Prime Minister Moctar Ouane said on Thursday, citing provisional estimates.

Mali, one of the four top cotton producers in sub-Saharan Africa, alongside Chad, Benin and Burkina Faso, had originally forecast output at 820,000 tonnes versus 700,000 tonnes last season.

But demand for cotton was upended last April when COVID-19 shuttered businesses. Prices at the time fell to their lowest since 2009.

Announcing the latest production estimate on state television, Ouane said, "The causes are, among others, the drop in the purchase price of seed cotton." He said output was also affected by the removal of some farm subsidies.

Comments

Comments are closed.