Home / Knowledge / News / Textiles / Cotton subsidies hurting farmers worldwide
Cotton subsidies hurting farmers worldwide
29
Oct '08
Subsidies given to the farmers in the US are a matter of great concern for the developing as well as under developed countries. This is the main reason that the Doha round of talks has not been able to conclude successfully recently.

These subsidies are affecting cotton farmers across the globe more in particular the farmers of the poor countries of the African continent. Cotton production in these regions is on a declining mode as the farmers are not able to extract remunerative prices of the crop which is also fondly called the white gold.

The African countries are not able to subside their farmers on the levels the US government doles out to its agriculture sector, due to which losses to the cotton farmer in Africa, according to an aid agency were estimated at a mind-boggling US $305 million in 2001.

For a few countries like Ghana & Ivory Coast, cotton was actually the white gold a till a few years back. They were producing a very good produce and the economy was very much dependent on the same. But now African farmers have lost the zest to cultivate the crop in face of un-remunerative prices and having to face the uncertainty of stocks lying unsold.

The developed countries of Europe and the US are not willing to remove subsidies and the rest of the developing and under developing countries of the world are complaining that their concerns are not being taken seriously.

This is the main reason for the stalling of Doha round of WTO talks with countries like India and China taking a firm stand against subsidies being given to the already rich US farmer.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th Feb 2017

Delta Galil’s Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Textiles | On 28th Feb 2017

Over 100 exhibitors expected to participate in IATF

Over a 100 exhibitors are expected to showcase their products at the...

Apparel/Garments | On 28th Feb 2017

Q4FY17 operating income drops 8% at L Brands

Operating income at apparel brands marketer L Brands decreased 8 per...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Mark Paterson
Technical Absorbents Ltd

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

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sonam & Paras Modi
SVA

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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
February 2017

February 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