Home / Knowledge / News / Textiles / Tanzania policymakers back higher cotton price this season
Tanzania policymakers back higher cotton price this season
25
Jun '12
Policymakers in Tanzania are batting for higher cotton price this season in order to promote the country’s textile sector.
 
Several Members of Parliament (MPs) have urged the Government to do away with the value-added tax on cotton so as to give a boost to the production of the crop as well as for the growth of the textile sector in the country.
 
They said that a rise in cotton output and revival of textile industries would generate new employment opportunities in the country. It will also help Tanzanian textile sector to export clothing items.
 
As per the official data, around 16 million farmers in over 42 districts cultivate cotton in Tanzania. 
 
The current cotton price given to farmers is lower than Sh1,000 per kg and if a price of Sh1,000 per kg is not paid to farmers for their cotton this year, then no cotton will be sold, the MPs said.
 
They said the current international market price of cotton is low and it does not help farmers to enhance their standard of living. Hence, the Government must revise the cotton price upwards, they added.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Giorgio Mantovani
Corman S.p.A

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search