Home / Knowledge / News / Textiles / South Indian hosiery makers seek ban on cotton exports
South Indian hosiery makers seek ban on cotton exports
24
Jun '13
Seeking stability in yarn prices, the South India Hosiery Manufacturers Association (SIHMA) has urged the Centre to ban cotton exports and also direct the Cotton Corporation of India (CCI) to discontinue selling cotton online.
 
In representations to the Union Agriculture and Commerce Ministries, SIHMA President AC Eswaran said in view of the rise in yarn and cotton prices over the past few weeks, it has become necessary to ensure sufficient cotton availability for domestic market, the Hindu reported.
 
Ban on cotton export would facilitate enhanced availability of cotton for domestic consumption till start of the next cotton season in October and also help in checking yarn and cotton prices, he added.
 
He also suggested that the CCI should facilitate direct sale of cotton to domestic buyers, rather than indulging in online cotton sales.
 
The move would ensure sufficient availability of cotton to textile mills for yarn production, and would also help in stabilizing the yarn prices, Mr. Eswaran said.
 
Driven by depreciation in value of Indian rupee against US dollar, there has been steep rise in cotton exports from the country in recent weeks, which has led to a sharp rise in cotton prices in India’s domestic market. 
 
In the past month, prices of benchmark Shanker-6 variety of cotton have risen by around Rs. 1,500 per candy of 356 kg to Rs. 41,000 per candy in local markets, according to traders.
 
The Indian rupee was trading at around Rs. 60 per 1 US dollar on June 22.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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:
June 2017

June 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