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وكالة الأنباء الليبية
Global cotton prices rise benefit Africa
Global cotton prices recovered by 35% during the first half of 2026, presenting a strategic opportunity for African producing countries to boost local manufacturing and shift from raw fiber exports to value-added apparel industries. This rebound is attributed to a decline in global production coupled with increased demand—particularly in China—along with the high costs of industrial fiber production and climate-related impacts. The report emphasizes that investing in local manufacturing ideas, through establishing special economic zones and developing supply chains, can enhance Africa’s position in the textile industry. It is also anticipated that the market will continue its positive performance until the end of 2026, despite potential price declines due to economic and environmental factors.
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