S&P GSCI Cotton Index

Index

Real-time USA 01:08:35 02/07/2024 am IST			5-day change	1st Jan Change
104 ^PTS	+0.56%		-0.40%	-9.75%

27/06	Uyghur group wins appeal over UK probe into 'slave labor' cotton	RE
26/06	Brazil set to be leading cotton exporter after 80% surge in shipments	RE

Benin Government to Subsidize Cotton, Rice, Corn Production

April 21, 2022 at 07:52 pm IST

By Emmanuel Tumanjong

Special to Dow Jones Newswires

The government of Benin said Wednesday that it will subsidize 31.5 billion CFA francs ($52.02 million) in input costs for farmers of cotton, rice and corn in the coming 2022-23 season.

The move comes amid surging prices of fertilizer, pesticides, insecticides amid the Ukraine conflict and continuing impact of the coronavirus pandemic, the government said.

Under the subsidy, prices of each will be capped at XAF14,000 per 50-kilogram bag, in comparison with current prices of XAF28,000.

Benin was the top producer of African cotton last season.

Write to Barcelona Editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

04-21-22 1222ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
CORN FUTURE (ZC) - CBE/C1	398 USc	-3.81%	-8.51%	-
S&P GSCI CORN INDEX	336 PTS	-0.12%	-7.39%	-
ROUGH RICE FUTURE (ZR) - CBE/C1	16.96 USD	+1.25%	-6.79%	-

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