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 Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X