Cotton demand to rise as mills reopen in Myanmar

Demand for cotton in Myanmar is expected to rise and production likely to double owing to the reopening of government textile mills this year, say traders.

Since the start of the cotton production season, which runs from July to September, the government-owned factories and private factories in Myanmar ordered up to 1.8m kg. Traders have sold out all their stock.

The factories administered by the country’s Ministry of Industry have placed their orders, which has increased the cotton price to around MMK2,204 (US$1.62) per kg.

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