Generation of cotton in a West African nation is set to increase as much as 47 percent during the next two years as compared to projections for this year, according to Bloomberg.
By 2015, Ivory Coast farmers will be reaping a strong harvest of the soft fiber. The harvest ending in 2014 is forecast to climb to 400,000 metric tons and 500,000 metric tons during the next year, according to the general secretary of an association for national producers. This season's production of the soft fiber is forecast to amount to 340,000 tons, the executive secretary of a national association told the news source.
"Farmers feel hopeful," cooperative head Yacouba Coulibaly told the news source late last month. "With the return to normality, they believe again in the cotton crop."
At 2:30 p.m. on Wednesday, cotton futures fell 0.39 percent, a 0.0027 cent loss to 0.6983 per pound.
Business Recorder reports Qatar is angling to assemble a cotton trading house, for which designs already are being drafted, according to the nation's commissioner for cotton.
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