Home / Knowledge / News / Textiles / Govt asks dealers to procure cotton at prescribed price
Govt asks dealers to procure cotton at prescribed price
20
Aug '11
The Tanzanian Government has issued directions to all Regional Commissioners asking them to prevent all the dealers from procuring cotton at a price less than the prescribed price of Sh900.

The order to this effect was passed by the Parliament when a question was raised whether the Government was aware that some of the dealers were persuading cotton cultivators to sell their crop at very low prices.

While issuing the order, the Tanzanian Government said that world cotton prices are prevailing at good levels and have gone up from Sh500 per kg to around Sh900 to Sh1000 per kg.

However, feeling that the prices have yet not stabilized, the Government has constituted a special commission to study the fluctuations in the price of cotton. The commission is soon likely to lay its findings before the Government to aid it decide the future course of action.

According to the Government order, pending submission of report by the commission, the cotton dealers are not expected to procure cotton produce at a price lower than Sh900 per kg.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search