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

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search