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High MSP drowns cotton exports from the country
Jul '09
Higher Minimum Support Price (MSP) has affected the cost structure of raw cotton being offered in international market.

The disparity in domestic cotton as compared to International prices and reduction in cotton consumption by the major importing countries due to global economic slow down, has affected the cotton exports from the country.

This information was given by the Minister of State for Textiles, Smt. Panabaaka Lakshmi in the Lok Sabha today, in a written reply to a question by Shri K.S. Rao.

Click here for the balance sheet showing demands and production of last three years and the current years

Minister of Textiles

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