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With the support of facts and figures on production/consumption, can you describe the sector's current state?
World
production/consumption of cotton (year wise) is as under
Qty/Million tones
Year 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10
It may be seen from the above that cotton consumption has been increasing every year except the year 2008-09 during which period global recession was existing. However, production has started declining due to area under cotton cultivation has come down drastically in USA and China. This has resulted in shortage of cotton globally. In the above circumstances unless the cotton production volume is increased globally to the original level of the year 2004-05, the existing uncertainty in the global cotton industry will continue.
However, cotton production in countries like India has already started increasing from the year 2005. Now demand for Indian cotton textile has increased tremendously in the world market. Now the biggest question mark is how to distribute the benefit out of the above demand among all the stakeholders such as farmer, ginner, spinner, weaver, garment sector etc. Continuous debate is going on to set right the problems. Till such time any one of the stakeholder will prosper/lose.Published on: 29/03/2011
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.
