Do More With Reuters
Partner Services

Global organic cotton sales up 63 percent in 2008

Thu Apr 2, 2009 12:03am IST
 
Email | Print | | Single Page
[-] Text [+]

NEW YORK, April 1 (Reuters) - Global retail sales of organic cotton apparel and home textile products climbed 63 percent in 2008 to $3.2 billion, a report said on Wednesday.

The Organic Cotton Market Report said some of the leading organic cotton retailers in the United States are Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research), Anvil Knitwear Inc, Nike Inc (NKE.N: Quote, Profile, Research), Pottery Barn and Greensource.

There is also Zara of Spain's Inditex (ITX.MC: Quote, Profile, Research), C&A of Belgium, Coop Switzerland and Hess Natur of Germany.

"Despite the global retail outlook, most brands and retailers selling organic cotton products remain committed to their sustainability plans and upbeat about market growth with plans to expand their product lines 24 and 33 percent in 2009 and 2010, respectively, to result in an estimated $4 billion market in 2009 and a $5.3 billion market in 2010," the report said.

The amount of organic cotton farmers grew worldwide in 2007/08 increased 152 percent, according to the 2008 Organic Cotton Farm and Fiber Report.

The amount hit 145,872 tonnes, which is equivalent to 668,581 (480-lb.) bales. It was grown on 161,000 hectares (400,000 acres) in 22 countries worldwide.

Organic production is based on a system of farming that maintains and replenishes soil fertility without using pesticides, fertilizers or genetically modified seeds. (Reporting by Rene Pastor; Editing by Lisa Shumaker)

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

Hugh Hefner
PLAYBOY SALE
An icon bows to changing times

With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SPECIAL REPORT

Himangshu Watts
India's food dilemma

Indian farms are failing to attract capital or talent, either from rich landlords or the students who graduate from agricultural universities.  Full Article | Related Story 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article