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Turkmenistan holds global cotton auction
07
Jan '12
Turkmenistan recently held a global auction of raw cotton in which buyers from many countries participated.

The auction was organised by the Turkmen State Commodity and Raw Materials Exchange, which is the sole selling agent for cotton in the country.

The country has produced around one million tons of cotton this year and traditionally exports to countries like Russia, China, South Korea, Great Britain, Indonesia, Singapore, Turkey and other countries.

The Turkmenistan government considers the cotton farming sector as a strategic sector, since it is one of the highest export income generators.

Cotton is grown in Balkan, Akhal, Mary, Lebap and Dashoguz provinces and there are around 36 ginneries which process the cottonseed.

The country grows both the medium and long staple quality of cotton.

Fibre2fashion News Desk - India

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