Home / Knowledge / News / Textiles / Government may intervene into cotton price issue
Government may intervene into cotton price issue
25
Jun '10
The government of Zimbabwe may intervene into the continued conflict, over cotton prices, between cotton farmers and merchants, and fix minimum prices of cotton, amidst talks that, the matter has been referred to the Cabinet.

Cotton merchants fixed cotton price at 30 cents per kg, which was very low and not worth according to the farmers, who threatened to hold back their cotton in case of no price hike.

As farmers and merchants couldn't decide right prices for cotton, it was recommended that, the matter be presented to the Cabinet. The Cabinet Committee on Cotton held a meeting to discuss the issue.

The committee agreed that, the government has to intervene into the matter, informed Welshman Ncube, the Industry and Commerce Minister. Deciding cotton prices has become a perennial problem, and it is coupled with the economic instability of last ten years.

Such issues have led to continues plunge in cotton production. Mentioning the decrease in cotton prices in the international market, cotton merchants have denied fixing higher prices for cotton as per farmers' demands.

Cotton prices in the international market are just US 23 cents, which would remain as it is if the demand from China goes up.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

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

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search