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Unusual protest by farmers against cotton export ban
10
Jan '11
The farmers in the country have found a new way to raise their issues. About 5,000 farmers are going to take their agricultural produce loaded in bullock carts to Nagpur airport in Maharashtra. They would try to register their products for exports there.

The farmers would take various agricultural products like soyabean, onions, cotton and tur to the airport and try to register the same for exports, as the government has imposed a ban on the export of these products.

The farmers are contending that, whenever the rates of agricultural items increase due to rise in demand, the government immediately steps in to bring down the prices, but it rarely interferes when the farmers suffer heavy losses due to high supply and comparatively low demand, as the prices then slump down to the levels that don't allow the farmers to earn any profit.

Aiming to safeguard the interests of the textile industry, the government has imposed a ceiling on exports of cotton at 5.5 million bales, which is much below the nine million bales exported during 2009.

It is for the first time in the last 15 years that the global cotton prices are touching record high levels, with New York cotton futures being traded at $1.70 that is Rs 6000 per quintal. But due to the export ban the commodity is being traded at around Rs 4,500 per quintal within the country. Thus, the farmers are urging the government to raise the minimum support price for cotton and fix it at Rs 4,500 per quintal.

Fibre2fashion News Desk - India

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