The cotton, untouchable by the crisis
April 04, 2018 | 22:24 |2870
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The global economic crisis is shaking the world. The cost of oil, or black gold, is unusually low. At the same time, cotton, or white gold, in this economic bad weather demonstrates not only price stability, but even growth. For the Central Asian countries that produce cotton, it is also an opportunity, in times of crisis, to invest in a stable and profitable production. This was decided in Tajikistan, by allocating 187.5 thousand hectares of cotton this year, which is 13.5 thousand more than last year. If last year more than 380 thousand tons of raw cotton were collected in the republic, then this year the Tajik farmers expect a significant increase. According to local experts, the decision to increase cotton crops was made by the government due to the increase in demand for cotton on the foreign market. After all, the processing of products inside the country remains insignificant, which means that almost all the harvest will be exported in the form of raw materials.Nury AMANOV
For Turkmenistan, rightfully considered a cotton state, the textile industry is also an important export factor. During the years of the USSR, Turkmenistan, together with Uzbekistan, ensured the cotton independence of the former Union. At the same time, Turkmenistan produced the most valuable, fine-grained varieties of cotton.
The era of independence brought about fundamental changes in the life of the country. One thing remains unchanged - the importance of cotton for the Turkmen economy. Today, Turkmenistan annually produces more than one million tons of white gold, most of which is exported, but not in the form of raw cotton. Cotton harvest is processed into cotton fiber at textile enterprises of the country. Then, most of the resulting fiber is produces into yarn, fabrics and finished textile products, which are intended for export.
In general, today the developed textile industry of Turkmenistan is a kind of a "safety cushion" for the Turkmen economy. The increase in demand for cotton fiber and textile products, allows the state to obtain revenues for its budget on the foreign market, which were underreceived as a result of the fall in prices for fuel and energy resources.
They say that the English Lord Chancellor, and since 2005 - the Lord Speaker in the House of Lords sits on a bag of sheep's wool. This custom came from the Middle Ages, when England was the main exporter of wool and wool products to Europe, and a bag of wool symbolized the British economic power.
I think that if there was a similar c in Turkmenistan, he could well be sitting on a sack full of gorgeous Turkmen cotton.
