Faltering demand from the textile industry had depressed cotton prices and reduced farmers’ willingness to produce, it said. However, average yields were likely to rise thanks to favorable weather conditions this year, the report said. The report also said that the textile industry was unlikely to make much of a recovery in the rest of the year, even though textile factories’ operating rates had risen…China’s cotton output in 2008 dipped 1.6 percent year on year to 7.5 million tons. China is the world’s largest cotton producer, consumer and importer.
Date:6/29/2009
Source:rednet