Domestic mill’s consumption of cotton from the year 2008 to 2009 (October-September) has degenerated up to 2.4 % year after year up to 19.09 million bales (1 bale=170 kg), because of the slowdown in global and domestic demand for textile, explained India’s Cotton Association.
Since last few years, cotton consumption by mills has been on the rising stages and has reached on a height as 19.57 million bales during 2007-2008, that was approx 30% raise over previous 5 years, association said in its house journal Cotton Statistics and News.
Economic slowdown around the globe, in addition with increase in prices for domestic cotton and low price support by the government, had affected the demand for cotton in the textile industry during 2008-2009, it was explained.
Cotton consumption for the same was lower down by the small scale units during the season at around 2.02 million bales in comparison with the 2.21 million bales in the year 2007-2008.
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