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Lakme Fashion Week Autumn/Winter 2010

BharatTextile.com ť Cotton News ť BURKINA FASO: West Africa's cotton industry to collapse

BURKINA FASO: West Africa's cotton industry to collapse

West Africa's all-important cotton industry is on the brink of collapse due to four years of falling prices on the world market...

OUAGADOUGOU: West Africa's all-important cotton industry is on the brink of collapse due to four years of falling prices on the world market; the Times reported on April 10. World cotton prices are now at the lowest since the Great Depression of the 1930s. The cotton prices are responsible for nearly 70 percent of impoverished Burkina Faso's cash exports and income for more than a quarter of its 13 million people. The market is said to be reeling because of the dollar, low...

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