Jul 20, 2011
Amado Kafando's elation followed news on 7 March that the price of cotton, a crop he plants each summer in rows broken by a cow-tethered plow, hit a record $2.197 a pound, capping a two-year surge of 430 per cent. Finally, he said, cotton could fulfill the promise of its nickname in his homeland of Burkina Faso: white gold. But within weeks, Kafando was clenching his fists. The government and regional cotton monopolies, which Burkinabe farmers must sell to, announced they would charge growers 38 per cent more for fertilizer - and pay them as little as 39 per cent of the world price at the time for their crop.
































