According to the Economies and Regions report on cotton production, during the current harvest season, farmers in the country are expected to sow cotton on 570,780 hectares of land, indicating an increase of 39 percent, compared to the previous season, reports the Federal News Agency of Argentina (DERF).
The report states that prices of cotton are also expected to escalate during July this year by 18 percent.
As per the Economies and Regions report, the highest increase in cotton planting is expected in the Argentine province of Salta, with a rise of 190 percent year-on-year, followed by Chaco province with 107.02 percent.
Meanwhile, cotton plantings in the Argentine provinces of Santa Fe, Entre Rios and Corrientes are expected to increase by 15.9 percent, 5.9 percent and 5.5 percent, respectively, the report adds.
Cotton in Argentina is grown along the northeastern border of the nation, predominantly in the province of Chaco. Argentina’s cotton planting begins around the beginning of October and continues through the end of December. Harvest runs from mid-February through mid-July.
Fibre2fashion News Desk - India
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
