Cotton exports from Benin, the largest cotton producer in Africa and a top cotton exporter, are expected to surge in the first eight months of the current year. President Patrice Talon's re-election for the 2nd term this month, and China's help to Beninese farmers in improving their farm productivity are the main reasons for this likely increase in exports.
In 2019, Benin exported cotton worth $144.39 million with monthly average of $12.03 million. Last year, exports declined by 63.21 per cent year-on-year to $53.12 million as COVID-19 restriction hampered trade. However, exports are forecast to surge by 74.73 per cent during January-August 2021 to monthly average of $7.73 million from monthly average of $4.43 million in 2020, according to optimistic forecasting carried out using
Fibre2Fashion's market intelligence tool TexPro.
The bilateral relations between Benin and China have been improving. China is supporting the West African nation to improve productivity of cotton. Some agricultural operators in Benin have joined a one-month training session on Chinese expertise in farm machinery operation.
The re-election of Patrice Talon, a tycoon of cotton business in the country, as Benin's President will also benefit the country in its cotton exports.
Fibre2Fashion News Desk (JL)
Cotton exports from Benin, the largest cotton producer in Africa and a top cotton exporter, are expected to surge in the first eight months of the current year. President Patrice Talon's re-election for the 2nd term this month, and China's help to Beninese farmers in improving their farm productivity are the main reasons for this likely increase in exports.