Related Keywords: cotton farmers, ICAC, international cotton price, Polyester price, World cotton consumption, Zimbabwe Farmer, Zimbabwean cotton industry
The increase in world consumption of cotton likely to bring revival in the Zimbabwean cotton industry as the cotton farmers are expected to benefit from the anticipated world demand since the development is set to boost the current cotton prices.
According to the International Cotton Advisory Committee (Icac) an association of governments of cotton producing, consuming and trading countries, with polyester and cotton prices converging, world consumption of cotton is forecast to increase by 5% to 24,5 million tonnes in 2014/15.
