The Agricultural Minister of Iran has clearly refuted the reports on the country's banning of cotton imports. He disclosed that the curb on cotton imports is aimed at sustaining the local cotton growers.
The Minister said that, Iran has sufficient supply of cotton to meet the requirements of all the textile mills. He denied all rumors about the shortage of cotton leading to the closure of several textile units in the country, by saying that, such rumors have been spread in order to create chaos in the market.
He said that the cotton imports in Iran have registered an increase of 50 percent during the initial five months of this Iranian calendar year starting from 20th March, from a period ago.
He further clarified that the textile mills of the country are not facing any major challenge in providing raw materials for production as sufficient volume of imported cotton is available and the domestic cotton has also reached the market.
Several experts are of the opinion that slackening of controls on cotton imports should be taken as a measure to supply the textile mills with better quality of raw materials.
Fibre2fashion News Desk-India
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