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Drop in global cotton output to expand local exports
17
Sep '08
Recently, Indian cotton authorities had informed that although the acreage may shrink, cotton output for 2008-2009 will not decline.

However, India is probably the major cotton growing country which will not show drop in output.

Reportedly, all key countries, including the US, China and Pakistan are expected to see a considerable plunge in cotton yield.

According to the statistics from ICAC, the global cotton output in 2008-2009 will possibly reduce by 6 percent, that is about 24.70 million packages.

China decided to decrease cotton acreage from 1.80 million hectare to 1.33 million hectare, in order to vacate more land for animal agriculture. Cotton output this year will touch 35.50 million packages, down from 35.80 million packages last year.

In Sinkiang Province alone, which accounts for 40 percent of Chinese cotton output, the land acreage will decline 26 percent in next 5 years.

Similarly, while the US cotton output will decrease 1.20 million packages, Pakistan, the chief competitor of India, will also record sharp fall in cotton yield.

Thus, year will be good year for India, as its cotton exports are bound to expand.

Experts say that Indian enterprises must grab this opportunity and offer efficient as well as quality services to the international clients. This will also pave way for bigger orders in future.

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Fibre2fashion News Desk - China


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