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Indian cotton trade may have uniform unit of weight
20 Mar '17
1 min read
A committee set up by the Office of the Textiles Commissioner has proposed uniform weight measurement norms across the raw cotton value chain in India. The committee, which is made up of 7-8 stake holders from the raw cotton industry, which includes CCI, has recommended that cotton trading in India should be conducted either in kilos or tons.
"The Indian cotton trade has different units of weight measurement at different levels of the value chain and is different even among various cotton growing states. In some places it is quoted in maund, in some in quintals and kilos in others," a leading daily reported.
For instance, farmers get the price based on quintals, the procurement in the market is quoted in bales and ginned cotton is quoted in candy, while exports take place in terms of tons.
According to the daily, a decision on the same is likely to be taken at the next board meeting of the Cotton Advisory Board (CAB). (AR)
"The Indian cotton trade has different units of weight measurement at different levels of the value chain and is different even among various cotton growing states. In some places it is quoted in maund, in some in quintals and kilos in others," a leading daily reported.
For instance, farmers get the price based on quintals, the procurement in the market is quoted in bales and ginned cotton is quoted in candy, while exports take place in terms of tons.
According to the daily, a decision on the same is likely to be taken at the next board meeting of the Cotton Advisory Board (CAB). (AR)
Fibre2Fashion News Desk – India
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