Home / Knowledge / News / Textiles / 'Cotton economy unlikely to recover in short term' – Commodity expert
'Cotton economy unlikely to recover in short term' – Commodity expert
Mar '09
Mr Biren Vakil, Commodity Expert
Mr Biren Vakil, Commodity Expert
Sagging cotton prices and production remain the key factors for negative growth in agriculture GDP and had grains, pulses, cotton, and oilseeds been taken into calculation of GDP in totality year on year, the numbers would have been worse.

This was revealed in an exclusive interview to fibre2fashion by Mr Biren Vakil, Commodity Consultant, Paradigm Commodity Advisors, while commenting on the negative growth in agriculture GDP.

He added by saying that, “As global commodity prices are in secular decline and there is total demand collapse in Chinese and Asian textile sector, cotton economy is unlikely to recover in the short term, thanks to the good Australian cotton crop”.

The other factors which will impact recovery in cotton economy is the overall weakness in the textiles and apparel sector and though off course, global cotton market may see anemic recovery in the second half of 2009, said so, Mr Vakil.

He observed by saying, “Domestic supply of cotton is down by 25 percent at around 27 million bales. Domestic prices may bottom out in the first half of the current year, but chances of sustainable recovery are slim in near futures due to weak demand”.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Vasanth Kumar
Max Fashion India

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

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Ashok Desai
Bombay Textile Research Association

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

February 2017

February 2017

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


Browse Our Archives


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