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Cotton farmers demand incentives
07 May '09
1 min read
Cotton farmers in Brazil are demanding an incentive package from the government in view of the falling prices and slowdown in demand for the white gold.
They urged the government to create a package of US $372 million as cotton market prices are ruling nearly 13 percent below the minimum government support price.
Cotton acreage has fallen by nearly 20 percent in the just completed season and there are expectations that it will fall further in the new forthcoming cotton season.
Brazil is the fifth largest cotton producer in the world and the fourth biggest exporter.
They urged the government to create a package of US $372 million as cotton market prices are ruling nearly 13 percent below the minimum government support price.
Cotton acreage has fallen by nearly 20 percent in the just completed season and there are expectations that it will fall further in the new forthcoming cotton season.
Brazil is the fifth largest cotton producer in the world and the fourth biggest exporter.
Fibre2fashion News Desk - India
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