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Indonesia's booming textile sector signals growth area for U.S. cotton.
AgExporter
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January 1, 1991|
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COPYRIGHT 1991 U.S. Department of Agriculture. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Indonesia's Booming Textile Sector Signals Growth Area for U.S. Cotton
Textiles have played a major role in Indonesia's economic growth, which is one of the fastest in the free world. Over the next few years, the textile sector is expected to grow 15 percent per year.
Reflecting this growth, cotton consumption is expected to remain strong, possibly reaching 2 million bales by marketing year 1992/93, a 42-percent increase from the current marketing year's estimate. That is the kind of news U.S. cotton exporters like to hear.
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