Home / Knowledge / News / Textiles / Farmers in distress as cotton prices touch new lows

Farmers in distress as cotton prices touch new lows

23
Dec '08
The cotton farmers across whole of China are feeling the brunt of fall in cotton prices. This was a development which was unexpected for most of them. Today, the situation has come to a stage where China has become a cotton surplus country from its earlier years where it needed to import cotton in huge quantities to feed its textile enterprises.

Cotton prices are seeing slide month to month. From a peak of Yuan 5.6 per kg in September, prices of the white gold are prevailing at just Yuan 4 per kg. This development has sent a sense of despair among a majority of cotton farmers who are obliged to sell even at these dismal rates to maintain their sustenance.

There are instances of some farmers who rented extra farm land to cultivate cotton with the hope to reap a bounty as has been witnessed in the preceding years. But their hopes have crashed due to the drastic fall in prices and are repenting, cultivating the extra land with cotton.

The other major factor to depress the cotton farmers is the fall in yield. Due to incessant and untimely rains the yield has fallen drastically by as much as 50 kg per mu. (1 hectare = 15 mu). The cotton procurement programme by the government has also not helped much in jacking up the prices.

Fibre2fashion News Desk - China


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Oct 2020

Italy clears stimulus package to help pandemic-hit economy

Italy recently approved a new stimulus package in its 2021 budget to...

Pic: Shutterstock

Retail | On 20th Oct 2020

US retail sales growth speeds up, Sept 4th month of gains

A strong rebound in apparel led a continuing V-shaped recovery as...

Pic: Shutterstock

Textiles | On 20th Oct 2020

China building more competitive mulberry silk industry

China is striving to build a more competitive mulberry silk industry...

Interviews View All

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Francesca Polato,

Francesca Polato

Berto Industria Tessile was founded in Bovolenta, a small town in the...

Lucilla Booyzen,

Lucilla Booyzen

South African Fashion Week (SAFW) is a B2B marketing platform for fashion, ...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

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

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

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


October 2020

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


Advanced Search