Tanzania's cotton production & exports expected to rise: TexPro
17 Aug 21 2 min read
The increased production in Tanzania may also trigger cotton exports to Asian and European nations such as India, Pakistan, Indonesia, Portugal, France and Netherlands among others.
The cotton harvested area of Tanzania was 600,000 hectares in marketing year (MY) 2019-20, which dropped by 25 per cent to 450,000 hectares in MY 2020-21. It is expected to rise again to 600,000 hectares in MY 2021-22, according to Fibre2Fashion’s market analysis tool TexPro.
The total cotton production of the country dropped by 64.71 per cent from 595,000 480 lb bales in MY 2019-20 to 210,000 480 lb bales in MY 2020-21. The production is expected to shoot up by 185.71 per cent to reach 600,000 480 lb bales in MY 2021-22.
The country exported cotton worth $94.92 million in MY 2019-20 and $43.09 million in MY 2020-21. However, due to the anticipated increase in cotton production, the country is likely to export cotton worth $56.02 million in MY 2021-22.
Fibre2Fashion News Desk (KD)
This according to Fibre2Fashion's Market Intelligence Tool - TexProPopular News
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