Related Keywords: cost of production, Cotton or white gold, domestic cotton purchasing companies, falling prices around the world, global cotton market, negative impact on cotton production, productive industry in Azerbaijan, suffering slow down
Cotton or white gold once a very productive industry in Azerbaijan is now suffering slow down. Over the past 18 years, production has dipped six fold in the country. Moreover, the amount of land allocated to growing cotton has fallen nine fold.
This year in Azerbaijan, more than 14,000 tons of cotton were collected in January-September while last year, the country produced 41,000 tons of cotton. However, fifteen years ago, cotton production was at 91,500 tons.
