Sanctions put squeeze on Mali's lucrative cotton sector

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[BUSINESS] Sanctions put squeeze on Mali's lucrative cotton sector

Malian cotton industry leaders say they expect to produce about 820,000 tonnes of cotton this cycle, compared with only 147,000 tonnes.NOUMOUTENE - Malian cotton farmers are set to produce a bumper crop this year, but Mahamadou Konate is worried, belying the smile he wears as he paces through his field.

Mali has traditionally been one of Africa's leading cotton producers. During growing season, the cash crop blankets swathes of the vast country in white. Locals call cotton"white gold". Earlier this month, the West African bloc ECOWAS imposed a trade embargo and shut borders with Mali over delayed elections in the country.

The sanctions threaten to damage an already vulnerable economy in landlocked Mali, where a brutal jihadist insurgency has raged since 2012."We're all going to pay the price," said Tiasse Coulibaly, head of a farmers' association in southwestern Mali.

 

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