Home / Knowledge / News / Textiles / African cotton farmers in serious trouble
African cotton farmers in serious trouble
Feb '09
The cotton growing farmers and ginners in the African continent are in serious trouble. Most of the domestic and worldwide companies who had signed contracts to purchase cotton are reneging on the same.

The new cotton season began in the midst of the economic meltdown and the resultant slowdown in the textile and apparel manufacturing sector. This lead to a crash in prices of cotton in the months of October and November.

New York cotton futures were ruling at three year lows in the same period. All these factors combined to put pressure on the poor cotton farmers who saw their harvested cotton crops lying idle in their godowns.

The buyers of the African cotton were also unable to purchase the same due to a liquidity crisis, despite the attempts of farmers to sell off the white gold at whatever prices they could get from the cotton buyers.

Subsidies given to US farmers by their government are also a matter of concern for the local agriculturists. Since they can avail of fat subsidies, the US farmers can afford to sell their crops at lower prices, which puts at a disadvantage, the poor farmers worldwide.

In light of the above, the cotton farmers are expected to switch over to other cash crops, which might pressure on cotton arrivals in the next cotton season of 2009-10, if the slowdown was to cease by that time.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Cindy McNaull

We have broad range of options in durable fabrics

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Kevin Nelson

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2018

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

news category

Related Categories:

Advanced Search