Industry

Oversupply affects cotton producer economy

The cotton sector expanded the planted area from 1,800 to almost 8,000 hectares in the 2018-2019 agricultural cycle, focused on partially meeting the demand for raw materials of the Textil TSM S.A. The lack of cash conditioned the purchase of the balance of 45,000 quintals produced, representing more than $3 million. The situation has created liquidity problems for the payment of operating expenses and is committed to the planting of cotton 2020.

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