Paraguay's cotton output has declined by nearly 70 percent over the past few months, owing to lack of rainfall, the National Farmers Federation has said.
Federation member Marcial Gomez said the harvest season is already going on, and by now they have already registered a loss of around 60 to 70 percent in cotton output.
Following scare rains during the peak cultivation period, the average cotton output for the current season has been recorded at around 300 kg to 400 kg per hectare, as against the domestic cotton cultivators' earlier prediction of 1800 kg per hectare, he said.
According to the estimates of the Ministry of Agriculture and Cattle Raising, cotton was cultivated on around 70,000 hectares in the country during the current season, which is almost 40 percent higher than last season's cultivation acreage.
Mr. Gomez also lamented about low market prices of cotton and called upon the Government to introduce steps to stop them from plummeting further.
Fibre2fashion News Desk - India
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