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 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

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

Karan Arora
Karan Arora

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

Robert Brunner
Devereux

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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