Cotton prices in world market inch up on increased demand

Kigoma Regional Commissioner Emmanuel Maganga sprays his cotton crop in Kigoma. Cotton prices have increased globally due to higher demand. PHOTO | FILE

What you need to know:

The Bank of Tanzania (BoT) has showed that high global demand has pushed up global cotton price by 5.3 per cent to $2.0 per kilo during the year ended March 2019 compared with $1.9 in the corresponding period 2018