Home / Knowledge / News / Textiles / Cotton prices soar due to expanding demand
Cotton prices soar due to expanding demand
Aug '10
Cotton prices in the Lake Victoria zone have soared up by 33 percent, to Tshs 800 (US 0.56 cents) from Tshs 600 (0.42 cents) per kg on account of a stiff competition for fibre in both, domestic as well as international market.

According to an expert, Lake Victoria (western) cotton growing area including Mwanza, Shinyanga and Mara regions have witnessed increased competition for cotton. Such an increased competition in western cotton growing region and the augmented cotton prices in international market played vital role in cotton prices flaring up in Tanzania, he added.

It has been speculated that these prices may show further increases as Pakistan, which is one of the major cotton growers of the world, suffered from floods recently. These worst floods have mostly affected the cotton growing regions of Pakistan, which is expected to be down by a huge volume.

Price of one kg cotton seed is Tshs 800 (0.56 cents) and is still rising up. Cotton ginneries who intended to purchase around 30 million kg cotton seeds during the current season, could buy only eight million seeds by last weekend.

Last week, over 30 cotton buying companies bought around 113 million kg of cotton. Aiming to improve country's cotton production capacity to 1,500,000 bales by the year 2015, Tanzania, in recent years, has introduced a special program.

Tanzania Gatsby Trust (TGT) allocated US $7.2 million for the period 2008 to 2010, to execute cotton and textile development program, which will help cotton harvest to meet the target. This program will prove helpful for improving productivity of cotton, by the year 2015, to 1,500 per hectare from 750 kg per hectare, currently.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

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

Suresh Patel
Sidwin Fabric

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search