Markets for Cotton By-Products : Global Trends and Implications for African Cotton Producers

Baffes, John

关键词: AGRICULTURAL COMMODITIES;    AGRICULTURAL PRICE;    AGRICULTURAL PRICES;    AGRICULTURAL PRODUCTION;    AGRICULTURE;   

DOI  :  10.1596/1813-9450-5355
RP-ID  :  WPS5355

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This paper analyzes and compares thestructure of cotton by-products industries in selectedcountries (Uganda, Tanzania, Benin, and Burkina Faso) in thecontext of the global vegetable oil market. It reachesseveral conclusions. First, because the markets for variousedible oils are highly integrated with each other,examination of each oil market should be done in conjunctionwith all other (relevant) edible oil markets. Second, therecent surge in demand for commodities used as feedstocksfor biofuels is unlikely to become a new source of growthfor the cotton oil market. Third, within the context ofdeepening the on-going reform efforts in West and CentralAfrican countries, cotton by-products should be taken intoconsideration, both in terms of the cotton price settingmechanism and the size of the organization of the cottonby-products industry. Fourth, trade policies includingexport bans or import tariffs to protect the domesticcrushing industries, and policies that favor crude overrefined oils, should be rationalized. Fifth, largecottonseed processing operations using advanced technology,while efficient from a technological perspective, tend notto be economically profitable in the African context. Last,research efforts for new cotton varieties should considerthe value of by-products, not just lint.