Global Cotton Prices Soar &Nbsp; &Nbsp; West Africa Will Be On The Stage Again.

In the next few years,

According to comprehensive media September 27th, in the next few years, West Africa is likely to rejoin the stage of the global cotton market because of the high global cotton prices and the introduction of high-yielding varieties of crops to encourage farmers to replant cotton.

Analysts told the author that the West African region once occupied about 15% of the global cotton export market, but in the early twenty-first Century, huge subsidies to farmers in the United States were closing the edge of the collapse of the four cotton producing countries in Mali and other West African countries.

Cotton subsidies in the United States have led to a 30% reduction in farmers' income in West Africa. These farmers are mainly concentrated in Mali, Chad, Burkina Faso and Benin. About 20 million farmers in Africa depend on planting cotton for their livelihood.

"The increase in cotton prices for West African farmers is a good thing," says Rolake Akinola of Eurasia Group, the US think-tank. "Some western African countries will increase their incomes.

But whether this is the real signal of recovery remains to be seen.

According to a survey by government and industry analysts, in 2010-11, nine major cotton production in West Africa is expected to reach about 3 million 140 thousand packages, an increase of 38% over the 2009-10 year.

As a result, West Africa's share of world output will increase from 2.2% in 2009-10 to 2.7%, although output in West Africa is still 40% lower than that in 2004-05, which is close to 5 million packages.

Analysts said the main driving force was global cotton prices surging to a 15 year high because of worries over supply shortages in major cropping countries such as China, Pakistan, India and the United States.