Home / Knowledge / News / Textiles / Volatile prices force farmers to condemn cotton cultivation
Volatile prices force farmers to condemn cotton cultivation
04
Apr '08
Cotton farmers are on the extreme end this time. Ask them about planting seeds for the current year and the answer will be far from affirmative.

Despite seed cotton yield exceeding 260 kilogram per mu, cotton acreage is getting reduced from 220,000mu in the past years to 20,000mu in the present year accounting for a sharp 90 percent decline.

A number of factors have affected cotton production in the recent times, the major one being the fluctuating cotton prices. This has seriously impacted the sentiments of cotton farmers who receive less than 1,500 yuan from one mu of cotton acreage after removing excessive costs.

In the past two years, seed cotton prices have been floating around 5.2 to 5.5 yuan per kilogram. Although, there are 15 local supply and marketing cooperatives and 21 ginners in townships, none have the capacity to purchase the raw material at such exorbitant prices.

As such cotton farmers have to go out or rely on foreign vendors to sell their crops. Besides, with the income of one mu cotton hovering about 1000 yuan, their growing enthusiasm has been seriously hurt.

Moreover, while food and oil subsidy have been implemented by the Government to ensure their stable production, cotton farmers have only received 15 yuan of seed subsidies per mu despite the fact that cotton planting runs more risks and involves longer working hours.

This does not by any means encourage development of cotton production and farmers at large seem more and more reluctant to invest in its plantation.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
January 2017

January 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