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Related Keywords: cotton contract, cotton mill, fibre market, ICE Futures, Investor, proliferated, purchasing securities, US December cotton, US Department of Agriculture

The US December cotton which had lost 33 percent over the past two months has started gaining momentum as the efforts of cotton mills and investors have again proliferated the five year low fibre market by value investing and introducing the practice of purchasing securities to cover an open short position.

Related Keywords: cotton mill, cotton yarn, Ethiopia, Shri Vallabh Pittie group

Ethiopia’s huge potential for raw cotton, the availability of labor, power and water, fast economic growth and access to the international market has helped Shri Vallabh Pittie (SVP) Group, an Indian company decide on setting up largest cotton mill at the industrial zone in Kombolcha in Ethiopia. SVP chose Kombolcha because of its proximity to the cotton growing regions of Metema and Humera.

The cotton mill will produce cotton yarn exclusively for export purpose. The construction of the project has already started from 2nd of May and should be fully operational by next year.