Ouagadougou: The price of a 50 kg bag of urea falls from 27,700 FCFA to 18,500 FCFA and that of NPKSB from 25,000 FCFA to 18,500 FCFA for the 2024/2025 cotton campaign, announced Wednesday in Ouagadougou, the Interprofessional Cotton Association of Burkina (AICB) during a press conference, reports RTB.
‘The fertilizer transfer prices for conventional cotton cultivation are revised downwards and set as follows. NPKSB compound fertilizer 18,500 F CFA per 50kg bag on credit, instead of 25,000 F CFA and nitrogen Ureas at 18,500 F CFA per 50kg bag on credit, instead of 27,700 F CFA,’ announced the Secretary General (SG) of the Interprofessional Cotton Association of Burkina (AICB), Ousseni Traoré.
According to Mr. Traoré, compared to the past campaign, the credit transfer prices of revised fertilizers fell by 34% for NPKSB and 42% for Urea. According to him, these prices were obtained on the instructions of the Head of State.
In his opinion, this reduction is made possible thanks to the efforts of the governmen
t which granted a subsidy of 10.979 billion to the cotton sector to ‘help it curb somewhat the problem of the accessibility of transfer prices of agricultural inputs to cotton producers. He also added that the AICB made a contribution of 1.456 billion FCFA, making a total subsidy amount of 12.435 billion FCFA.
Mr. Traoré, who recognized the availability of fertilizers on the market, also thanked the government for having ‘once again listened attentively to the concerns of stakeholders in the cotton sector’.
For him, ‘accessible input prices’ will allow cotton producers to produce ‘in quantity and quality to boost the country’s economy’.
Source: Burkina Information Agency