Ministry Of Commerce: Mali'S Textile And Cotton Industries Are Actively Expanding

Mali maliweb reported on May 29 that the 98th Board of Directors of Mali Textile Development Corporation (CMDT, Mali's main cotton production enterprise) held on May 24 revealed that in 2022, the production of Mali cotton was seriously reduced due to the flooding, the invasion of the Jassid worm, and the shortage of fertilizer supply caused by the sanctions of the Western Community. The company's turnover was about 315 billion CFR (515 million US dollars), The total assets are about 269 billion CFA francs (487 million US dollars), and the net profit is about 10.5 billion CFA francs (17.15 million US dollars). However, since 2023, the Mali Textile Development Company has taken a series of measures to ensure cotton production, such as trying to purchase and distribute fertilizer, so that almost all production areas have received 90% of the required fertilizer; Targeted import of pesticides, and the trial results have shown that it is very effective for killing Giasside. Therefore, Mali Textile Development Company is optimistic about the production prospect of the 2023/2024 production season, and plans to achieve the production target of 780000 tons of cotton, with the output hitting a new high in recent years.