Date: January, 2009
Abstract: More than the demand for most other major commodities, cotton demand is likely to be affected by the forecast economic slowdown through 2008 and into 2009. In developed countries, consumers are likely to lessen their textile consumption in times of slower growth or economic uncertainty. While industrialized countries now consume fewer textiles than the developing world, the former still makes up a sizable 42 percent of global consumption. In developing countries, the escalating costs of food, br...
Research Type: North American Outlook