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SODECOTON: Oil Sales, Revenue, Up By FCFA 7 Billion

Cotton Development Corporation (SODECOTON) is gradually recovering following a decline over the past decade. Official data shows that revenues from the sale of cotton oil reached FCFA 17.7 billion in 2018 from FCFA 16.2 billion in 2017 and FCFA 10.7 billion in 2016, an improvement by FCFA 7 billion over the two year period. Back in the mid-2016 due to poor sales of its flagship product, SODECOTON found itself with a stockpile of 149,000 oil packs and 4 million litres of unpackaged oil, all for an estimated value of about FCFA 9 billion. In the long run, SODECOTON aims to increase the crushi...

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