Eco cotton sales boom

Organic cotton sales shot up during the last 12 months. A growth of 152 % has been reported with a new level of 145,872 metric tons being sold on the world markets. $40 % of the sales came from new organic cotton projects.
The news today that Wal-Mart has set out ambitious plans despite the turn down in trade is to continue to expand the sourcing of products as organic cotton to strengthen their product range which is considered socially responsible. With the UK’s own M&S leading the high street Fair Trade and Organic sales expansion there is going to be a shortage and the smaller companies who started the revolution will have to fight to retain their contracts with the growers. The market place waits to see if the new interest by the international companies forces up the prices even in this world trading downturn.

Categories: Fairtrade, Industry News