BAKU, Azerbaijan, Nov. 20
By Klavdiya Romakayeva - Trend:
Uzbekistan increased the production of cotton fiber from January through October 2020 by 45.04 percent compared to the same period in 2019, Trend reports with reference to the State Statistics Committee of Uzbekistan.
According to the report, the volume of cotton fiber Uzbekistan produced for 10M2020 amounted to 457,600 tons.
Uzbekistan’s enterprises increased output of cotton yarn over the past ten months by 49.3 percent compared to the same period in 2019.
Earlier it was reported that 393,200 tons of cotton fiber was produced in Uzbekistan in 9M2020. The growth compared to the same period in 2019 amounted to 7.3 percent.
According to the decision of the government, the country has completely abandoned the export of cotton fiber since 2019. At the same time, in March 2020, the government order for the cultivation of cotton fiber was also abolished. Instead, cotton fiber will be grown by cotton textile clusters and farmers.
In addition, the starting price of the cotton fiber is determined by the seller based on the value of the New York Mercantile Exchange futures quotation.
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