Home / Knowledge / News / Textiles / Pak panel urges TCP to buy seed cotton instead of lint
Pak panel urges TCP to buy seed cotton instead of lint
14
Apr '15
A Pakistan parliamentary panel has recommended the Trading Corporation of Pakistan (TCP) to buy seed cotton instead of lint to protect cotton farmers as it was unable to fix the minimum cotton price.

This was done in line with the procurement policy adopted by the Indian government which through the Cotton Corporation of India (CCI) buys seed cotton from growers.

During a meeting of the National Assembly Standing Committee on Textile Industry, it was told that surplus cotton output was recorded last season in global as well as Pakistan, with a repeat expected in the new season too.

According to Pakistan media reports, the meeting was also told that with cotton being surplus in the new season too, rise in cotton prices are not expected for the new season also.

The government will also not be able to offer subsidies as it is facing a financial crunch, although WTO rules permit subsidies up to Rs 300 billion to the agricultural sector.

So, the Committee accepted the proposal put forth by Kanwar Usman, director research and development (RDA) cell of the textile ministry to recommend buying of seed cotton by TCP. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Larry L Kinn
Suominen Corporation

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
March 2017

March 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