Interviews
Govt forecasts decline in 2010 cotton output
09 Nov '10
1 min read
Fang Yan, Deputy Director of Rural Economy Office under China Development and Reform Commission said at the Investment Forum held by Merrill Lynch that, China's cotton production in 2010 is expected to be down by five percent, when compared to the already reduced figures generated in 2009.
She said, 2010 has had more natural disasters, affecting main cotton producing areas in Xinjiang and other places in the Yangtze River, due to which overall production is not optimistic and has also further fueled cotton prices.
According to data from the Bureau of Statistics, national cotton production stood at 6.4 million tons in 2009, representing a drop of 14.6 percent from 2008.
She said, 2010 has had more natural disasters, affecting main cotton producing areas in Xinjiang and other places in the Yangtze River, due to which overall production is not optimistic and has also further fueled cotton prices.
According to data from the Bureau of Statistics, national cotton production stood at 6.4 million tons in 2009, representing a drop of 14.6 percent from 2008.
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