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

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ashok Desai
Bombay Textile Research Association

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

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

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
April 2017

April 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