The activities of the New Togo Cotton Company (NSCT) have been taken over by Olam.

This Singaporean food trading and brokerage company is active in Africa in coffee, cocoa, palm oil and cotton.

The privatization of the public entity should make it possible to double yields by modernizing the sector and guaranteeing prices to producers.

The operator, which now holds 51% of the capital, will make investments to support producers, in particular by developing the network of rural roads in order to open up the cotton regions.

Cotton production has dropped significantly. 116,000 tonnes for the 2019-2020 campaign. The forecast was 150,000 tons.

190,000 hectares are exploited.

The authorities want to train producers to improve yields and put an end to bad practices.

Training will be provided by the Togolese Institute of Agronomic Research (ITRA)

The cotton sector is the first cash crop. It represents the 4th export product after phosphate, clinker and cement and contributes 4.3% of GDP.

The privatization of NCST is therefore a growth opportunity for the sector.