Home / Knowledge / News / Textiles / Cotton subsidies to rivals affect earnings of West African farmers
Cotton subsidies to rivals affect earnings of West African farmers
17
Nov '10
Subsidies paid to rival growers in the EU, US, China and India takes its toll on the earnings of West African cotton farmers, said Fairtrade Foundation. As per the calculations of the foundation, during the past ten years, the US, the European Union, China and India have paid about $47 billion (£29 billion) as subsidies, in total, to their cotton farmers.

This has pushed the global prices of cotton down for the competitors, particularly in West Africa, wherein the farmers of the four biggest countries are losing around millions of dollars every year, according to an estimate by the charity Oxfam.

On the United Nations Human Development Index, these four West African countries rank between 134 and 163 out of 169 countries. This index measures income, life expectancy and education. Cotton constitutes around 5 to 10 percent of their economies and most of their exports, which are shipped to the manufacturing units in China and India.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Victor Chao
Esmetex

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

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Bani Batra

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

Ritu Kumar
Label Ritu Kumar

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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