Home / Knowledge / News / Textiles / Low profits affect cotton acreage
Low profits affect cotton acreage
27
Jun '08
Since raw cotton prices have not been generating profit for the farmers there has been a perceivable decline in area of cotton cultivation which has posed a serious challenge for the textile industry of Vietnam.

The Government of Vietnam is taking steps to increase the area under cultivation, to meet the demand of cotton from local textile and apparel industry which has been relying on imported sources for quite some time now.

The local textile and apparel industry imported 72,789 tons of cotton of all types in the first quarter of this year, worth US $106.75 million.

Statistics reveal that the country which initially boasted of having 32,000 ha cotton planting area in 2002-03, is presently finding the area reduced to 8,100 ha in 2007-08 with total production amounting to only 10,000 tons.

Despite cotton prices rising to $0.56 per ton in 2008 from $0.43 per ton in 2007, it still generates lower profits for farmers compared to other cash crops like rice, corn, tobacco etc.

Fibre2fashion News Desk - Vietnam

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search