Home / Knowledge / News / Textiles / Peruvian cotton imports outgrow production

Peruvian cotton imports outgrow production

22
May '12
Peru, the Latin American country known for producing one of the best quality cotton in the world, is currently importing more cotton than it grows domestically.

For nearly three decades, Peru produced around 160,000 tons of cotton on 250,000 hectares of land. The country even exported its cotton to about 50 countries. But now, the country produces only about 29,000 tons of cotton on 40,000 hectares of land, according to the National Association of Cotton Producers.

Currently, Peru exports only around 1,000 tons of cotton to Bolivia and Ecuador.

Peru's current cotton production of 29,000 tons is much less compared to its domestic demand of 120,000 tons per annum.

Around 96 percent of cotton imported by Peru comes from the US as it attracts no duty.

Land reform carried out by the Government is cited as a reason for decrease in Peruvian cotton production. However, the lifting of restrictions on imports of cotton remains the main reason for decrease in Peruvian cotton production.

Peruvian cotton failed to compete with the large inflow of inferior quality cotton at low prices, once the import restrictions were lifted. This destroyed the entire cotton-textile-garment chain in Peru.

As a result, yarn makers, fabric manufacturers and apparel producers in Peru are now dependent on imports.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jul 2021

Vietnam opens new rail freight link to Belgium on China-Europe line

Vietnam Railways (VNR) has added a new rail freight link from Vietnam ...

Pic: Shutterstock

Textiles | On 26th Jul 2021

UK launches consultation on scheme for trade with developing nations

The United Kingdom recently launched a consultation on new trading...

Pic: Shutterstock

Textiles | On 26th Jul 2021

Prime Content| Rising demand to positively impact Australian wool exports: TexPro

Australian wool exports are expected to grow in the current season...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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

Leave your Comments


July 2021

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


Advanced Search