Home / Knowledge / News / Textiles / Triple jump in cotton support price, farmers delighted
Triple jump in cotton support price, farmers delighted
20
Apr '11
Cotton industry stakeholders have fixed US 85 cents as the minimum price for cotton lint for the current 2011 marketing season. This is a significant rise over the last year's minimum price of 30 cents.

Cotton farmers would offer their produce at this price; however, the licensed buyers are not barred from paying higher prices for the commodity.

From September 30, 2011 onwards, the cotton cultivators would start getting differential grade prices, like A grade would attract a delivery price of $1.05 per kg, B grade would fetch 96 cents, C grade 89 cents and D grade 85 cents.

A statement released by the Cotton Marketing and Technical Committee (CMTC) revealed that, cotton cultivators need to appoint graders who would represent them at each grading point, and ensure that gradation has been done correctly.

After getting the grading results, if the farmers are not satisfied with the same, they are free to appeal.

The CMTC incorporates representatives of the clothing and textile industry, cotton growers, oil expressers and the Government. Further, in order to ensure accountability, the ginners would be required to disclose the details of their monthly lint sales before the Committee.

Over and above the attractive minimum price, the farmers have also been entitled to a 50 percent share in the ginners' profits, which would become payable by November 30, 2011.

Editor's comment – Considering that in previous years, cotton farmers gave up cultivating the white gold, due to not receiving remunerative prices, this jump in minimum support prices will go a long way in encouraging more and more farmers to cultivate cotton and lead to increased cotton acreage.

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search