Global cotton trade may dip by 12 pc in 2008-09
Tuesday, 16 December 2008
NEW DELHI, Dec 15 (PTI): The global cotton trade is likely to fall by 12 per cent to 7.3 million tonnes in 2008-09, following uncertainty about the global financial crisis and tightening credit availability for spinning mills, the International Cotton Advisory Committee (ICAC) said.
A decline in world cotton imports is mainly driven by an expected 24 per cent drop in imports by China (Mainland) to 1.9 million tonnes, ICAC said in a statement.
A decline in world cotton imports is mainly driven by an expected 24 per cent drop in imports by China (Mainland) to 1.9 million tonnes, ICAC said in a statement.