Home / Knowledge / News / Textiles / Govt require merchants to seek permit for cotton trade
Govt require merchants to seek permit for cotton trade
06
Mar '08
Recently, the Government of Malawi through the Ministry of Agriculture and Food Security has announced that all traders, organizations, and companies wanting to indulge in marketing of cotton would have to seek special trade permits.

Application seeking such permissions will have to be made to the Secretary of Agriculture and Food Security.

However, some of the private traders have expressed discontent with the decision on grounds that the move is not in line with the country's market liberalization policy. Besides, it is also likely to put rural farmers in a disadvantageous position.

On the other hand, the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) believes that this Governmental decision aims to ensure order and proper structuring of the industry. In other words, it has the potential to diversify country's economy.

Those applying for licenses to buy seed cotton must resort to the Licensing Officer at the Ministry of Agriculture and Food Security headquarters starting from March 1.

Apprehensions have been posted by local merchants who strongly hold that the Government is trying to control the market. They suggest fixing of a minimum price for the commodities while also allowing numerable players to enter the market.

In fact, the regulation is expected to facilitate proper shift of crop trade from tobacco to cotton.

Cotton crop has better trading prospects and what is required is an organized trading and marketing system to achieve and increased production and sales.


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Claudia Kersten
Global Organic Textile Standard

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

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Yash P. Kotak
Bombay Hemp Company

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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


June 2018

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

news category


Related Categories:

Advanced Search