To discuss regarding world supply and demand, new ginning technology and various crop of cotton, about 200 growers, marketers, processors and industry stakeholders are gathering on the Gold Coast.
With a surplus of 50 million bales on the world market, the position for cotton prices is less than the giving words for cotton industry.
According to Weil Brothers Cotton, there is just too much to offer, which do business about 1.6 million bales of cotton all over the world annually.
Countries like India, China and America are also re-regulating their crop estimation by up by 2 million bales.
marketing@alchempro.com
