Ginners & weavers upset over hike in cotton prices
03 Apr '08
2 min read
Experts believe that it will be difficult for the Government to bring down the market prices all by itself as demand from China will continue to rise in 2008-09.
Predictions made by United States Department of Agriculture (USDA) holds that world consumption is likely to increase to 129.5 million bales in 2008-09. However, production will drop by 6.5 million bales.
Ginners and weaving mills are still hoping that by de-clogging the supply chain and other remedial measure, the Government will make efforts to bring relief to the garment industry.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
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