NEW ETHIOPIA GOVERNMENT AGENCY AIMS TO PREVENT FLUCTUATIONS IN LOCAL COTTON PRODUCTION
October 1st, 2014
Ethiopia’s government has unveiled plans to create an organisation to help the country’s cotton producers maximise a strong supply base for the country’s booming textile sector. The chief aim of the new agency – which will operate under the Ethiopian Textile Industry Development Institute (ETIDI), is to improve cotton supplies by purchasing cotton from farmers during periods of surplus production, when prices are low, noted Kibrom Gebremedhin, ETIDI communications director.“The government will buy it, hold it and sell it to local and foreign industry ...
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