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Organization and Performance of Cotton Sectors in Africa ... - infoDev

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1997/98 1.64 598 210 75 49 74 7.61998/99 1.35 593 225 70 40 67 8.21999/2000 1.20 649 230 65 36 70 8.42000/01 1.27 731 245 60 38 72 7.72001/02 0.97 731 225 55 29 60 8.62002/03 1.16 648 220 60 35 57 8.22003/04 1.47 555 215 55 38 50 6.32004/05 1.23 524 220 55 32 46 7.12005/06 1.24 535 225 60 32 49 7.4Sources: Country sources (see tables A1 through A9), World Bank, <strong>and</strong> International Monetary Fund International F<strong>in</strong>ancial Statistics.Note: FOB = free on board; CIF = cost, <strong>in</strong>surance, <strong>and</strong> freight. Accord<strong>in</strong>g to International <strong>Cotton</strong> Advisory Council classification, “All West <strong>and</strong> Central <strong>Africa</strong>”<strong>in</strong>cludes the four WCA countries <strong>in</strong> this study (Ben<strong>in</strong>, Burk<strong>in</strong>a Faso, Cameroon, <strong>and</strong> Mali) plus the Central <strong>Africa</strong>n Republic, Chad, Côte d’Ivoire, Gu<strong>in</strong>ea,Niger, Madagascar, Senegal, <strong>and</strong> Togo. The Cotlook A Index (cotton l<strong>in</strong>t) <strong>and</strong> the CFA f/$ exchange rate were calculated as averages over March through July toaccount for the fact that most cotton is marketed dur<strong>in</strong>g this period. Market<strong>in</strong>g costs were calculated as 3 percent <strong>of</strong> the Cotlook A Index through 2002/03 <strong>and</strong>2.6 percent afterward. The g<strong>in</strong>n<strong>in</strong>g costs are as reported by the cotton companies (averages for the entire WCA) <strong>and</strong> are expressed <strong>in</strong> terms <strong>of</strong> cotton l<strong>in</strong>t.201

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