Description: Cotton : Market Setting, Trade Policies, and Issues

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Cotton : Market Setting, Trade Policies, and Issues

The value of world cotton production in 2000-01 has been estimated at about $20 billion, down from $35 billion in 1996-97 when cotton prices were 50 percent higher. Although cotton's share in world merchandise trade is insignificant (about 0.1...

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Bibliographic Details
Main Author:	Baffes, John
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	ACRYLIC AFRIQUE CENTRALE AGRICULTURE ANIMAL APPAREL CARBON CLOTHING COMMODITIES COMMODITY COTTON COTTON PLANTS COTTON PRICES COTTON PRODUCTION COTTON SECTOR COTTON YIELDS CROP DEVELOPED COUNTRIES ENVIRONMENTAL ACTIVISTS ENVIRONMENTAL PROTECTION EXCHANGE RATE FAO FARM FARMERS FARMING FERTILIZERS FIBERS FIBRES TEXTILES FOOD CROPS GATT HARVESTING IMPORTS INCIDENCE OF POVERTY INCOME INSURANCE IRRIGATION NASH NATURAL FIBERS NYLON OIL PESTICIDE POLICY ENVIRONMENT POLYESTER POPULATION GROWTH POVERTY REDUCTION PRICE CHANGES PRICE VOLATILITY PRODUCE PRODUCERS PRODUCTION OF COTTON QUOTAS RAYON RISK MANAGEMENT RURAL POVERTY SEED SEED TECHNOLOGY SEEDS SILK STOCKHOLDERS SYNTHETIC FIBERS SYNTHETIC FIBRES TAXATION TEXTILE INDUSTRIES TEXTILE INDUSTRY WOOL YARN COTTON COTTON DEVELOPMENT INTERNATIONAL COTTON INDUSTRY TRADE AMONG DEVELOPING COUNTRIES COTTONTEXTILE INDUSTRY SUBSIDIES CASH CROPS
Online Access:	http://documents.worldbank.org/curated/en/2004/02/3923769/cotton-market-setting-trade-policies-issues http://hdl.handle.net/10986/14735

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Summary:	The value of world cotton production in 2000-01 has been estimated at about $20 billion, down from $35 billion in 1996-97 when cotton prices were 50 percent higher. Although cotton's share in world merchandise trade is insignificant (about 0.12 percent), it is very important to a number of developing countries. Cotton accounts for approximately 40 percent of total merchandise export earnings in Benin and Burkina Faso, and 30 percent in Chad, Mali, and Uzbekistan. Its contribution to GDP in these and other developing countries is substantial, ranging between 5 and 10 percent. Cotton supports the livelihoods of millions in developing countries (at least 10 million in West and Central Africa) where it is a typical, and often dominant, smallholder cash crop. The cotton market also has been subject to considerable market intervention-subsidization in the European Union and the United States, and taxation in Africa and Central Asia. During the past three seasons, annual direct support averaged $4.5 billion. The author reviews the market setting and policy issues and gives recommendations on how industrial and developing cotton-producing countries can improve the policy environment.