Home / Knowledge / News / Textiles / Huge US subsidies guilty of dip in global cotton crop – Mr Rabbani
Huge US subsidies guilty of dip in global cotton crop – Mr Rabbani
18
Mar '09
Mr Ghulam Rabbani
Mr Ghulam Rabbani
According to a United States Department of Agriculture data released last week, the overall cotton production worldwide has contracted, due to a lower than projected cotton production figures in China and Pakistan in the on-going cotton season.

Global cotton production has plunged by around 880,000 bales (1 bale=175 kg), due to a fall in output in Pakistan to the tune of 200,000 bales and 700,000 bales in China, due to which world production of cotton fell to 108 million bales.

India also witnessed a fall in cotton crop of nearly 200,000 bales, followed by Brazil with 100,000 bales. Cotton consumption by major cotton consuming enterprises, on the other hand also plummeted by 1.50 million bales to 111 million bales.

Fibre2fashion spoke to Mr Ghulam Rabbani, a Pakistan based cotton merchant of repute and who also serves on the board of the Karachi Cotton Association as a Director, to understand the reasons behind the cotton production declining trends.

Mr Rabbani said, “The US Government provides huge subsides to its farmers, particularly the cotton farmers, due to which they are able to sell their cotton crop at lower rates, but which is detrimental to the interests of cotton farmers from other countries”.

He continued by saying, “The Doha rounds of talks have been stalled, due to the reluctance of the US, to reduce those cotton subsidies, despite having committed to do so in the past, but on the other hand US demands that other countries cut their agriculture subsidies”.

“All these factors put together have led to farmers discarding cultivation of cotton crops, since they are not able to generate remunerative prices for the crop that they sow”, Mr Rabbani categorically said, before closing the interview.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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