Ouagadougou: 50 kg bags of urea fertilizer and NPKSB sold for around 27,000F last year, are sold at 17,290 FCFA at the cash price against 18,500 FCFA on credit, as of the 2024/2025 cotton campaign announced Tuesday, the Executive Secretary of the Interprofessional Cotton Association of Burkina (AICB), Sinou Idrissa.
‘The prices of NPKSB fertilizers and urea are at 17,290 FCFA per 50 kg bag in cash,’ indicated the Executive Secretary of the AICB, Sinou Idrissa, contacted by the AIB on Tuesday, a difference of 1210 FCFA compared to credit prices.
The government and its partners in the agricultural world have decided to significantly reduce the sale prices of inputs dedicated to the cultivation of conventional cotton.
This reduction, made public by the Interprofessional Cotton Association of Burkina, on June 12, concerns NPKSB compound fertilizer, sold on credit at the price of 18,500 FCFA per 50 kg bag, instead of 25,000 FCFA in 2023 , and nitrogen fertilizer, urea, also sold on credit at the price of 18,500
F per 50kg bag, instead of 27,000 FCFA.
Compared to the previous campaign, the credit transfer prices of revised fertilizers fell by 34% for NPKSB and 42% for Urea. According to her, these prices were obtained thanks to the intervention of the Head of State who instructed cotton companies to make the price of inputs much more accessible to cotton producers.
This level of subsidized prices for cotton producers induces an additional subsidy of around 27 billion FCA that cotton companies will have to bear.
As a reminder, the State has granted, under this 2024/2025 cotton campaign, a subsidy of 10.979 billion FCFA to the cotton sector to ‘help it to somewhat curb the problem of price accessibility transfer of agricultural inputs to cotton producers.
The AICB for its part had also made a contribution of 1.456 billion FCFA, for a total subsidy amount of 12.435 billion FCFA.
Source: Burkina Information Agency