Last Updated :
06 January 2012 at 08:10 IST
China cotton industry to grow to $14.74 bn by 2016
LOS ANGELES (Commodity Online): China’s cotton industry will attain $14.74 bn in value by 2016 from the present $13.53 bn, according to IBISWorld, a leading USA-based publisher of industry intelligence.
China cotton industry growth has slowed down 1.4% from 2010, with an average annualized decline of 2.1% since 2006. China with an estimated planted area of 59.2 mn ha in 2011 is the largest cotton producer and consumer globally. The industry has 119.2 mn farmers and several downstream workers dependent on it for livelihood and support by the government by way of incentives.
NCDEX GOLDINTLMAY2012 30 May 2012
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