Home / Knowledge / News / Textiles / AFZ's cotton trade to decline in 2009/10
AFZ's cotton trade to decline in 2009/10
19
Oct '09
Cotton trade is a significant part of the national economies of the region. African Franc Zone1 (AFZ) trade in world cotton trade has also risen over the years, accounting for a record 15 percent of world trade in 1998/99. In past few years however, the cotton sectors in the Franc Zone have struggled to keep pace with their past performance. The bulk of the cotton produced in the region is traded abroad, exposing the industry to the whims and caprices of the world markets.

In 2009/10, AFZ exports are forecast at 2.2 million bales, down 3 percent from a year ago. If realized, that forecast will constitute the fifth consecutive year of declining trade and lowest exports in two decades.

The impact of the 2008 global food and financial crises has been detrimental to the region's cotton trade in a variety of ways. First, cotton importing countries reduced imports sharply in 2008/09 as world consumption declined.

In addition, skyrocketing food prices in that same period posed a stiff competition for land and meager input resources for AFZ cotton production and, therefore, exports. Even in normal times, cotton growers are widely noted for diverting government-provided fertilizers into food grains production. But soaring food prices in 2008 may have escalated such diversion of resources.

U.S. Department of Agriculture

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
February 2017

February 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