U.S. Cotton Prospects Strong In Vietnam
Kelli Merritt
Lamesa,
The monthly output of yarn continues to accelerate and is at a pace to climb to a yearly record for the 12th straight year in China. Vietnam's textile exports have increased 12 percent this year to date, and other countries are seeing similar spikes. Recent economic problems in Greece will continue to have an impact over the summer and influence both supply and prices.
Legitimacy And Longevity
Visiting the mills taught me to appreciate the determination and motivation of the Vietnamese people. In a burgeoning textile industry, they are willing to take the more tedious, labor intensive, lower profit jobs that larger textile industries such as China and Bangladesh are restricting.
This changing approach of the residing elephant in the room has given more opportunity for Vietnam. It is still working to recoup large initial investments and struggles to improve its business with new machinery and better sources for cotton. Vietnam is a legitimate export market sector that's here to stay.
source : cottonfarming
Kelli Merritt
Lamesa,
The monthly output of yarn continues to accelerate and is at a pace to climb to a yearly record for the 12th straight year in China. Vietnam's textile exports have increased 12 percent this year to date, and other countries are seeing similar spikes. Recent economic problems in Greece will continue to have an impact over the summer and influence both supply and prices.
Legitimacy And Longevity
Visiting the mills taught me to appreciate the determination and motivation of the Vietnamese people. In a burgeoning textile industry, they are willing to take the more tedious, labor intensive, lower profit jobs that larger textile industries such as China and Bangladesh are restricting.
This changing approach of the residing elephant in the room has given more opportunity for Vietnam. It is still working to recoup large initial investments and struggles to improve its business with new machinery and better sources for cotton. Vietnam is a legitimate export market sector that's here to stay.
source : cottonfarming
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