Home / Knowledge / News / Textiles / Varanasi weavers seek ban on cotton exports
Varanasi weavers seek ban on cotton exports
23
Apr '11
A ban on cotton exports has been demanded by the Banarasi Vastra Udyog Sangh (BVUS), in order to curb the commodity prices and to safeguard the textile industry.

The BVUS has forwarded a letter seeking ban on cotton export, to the Prime Minister, Textile Secretary, Textile Commissioner, Development Commissioner (handloom), Union Minister of Textiles, UPA Chairperson and Minister of Commerce.

BVUS Yarn Development Committee's Convener, GK Kediya said that, cotton prices soared to almost double during 2010, from Rs 23,000 per bale (170 kg) to Rs 46,000 per bale, while in March this year it further rose by 33 percent to Rs 61,360 per bale. This means that the commodity prices have gone up by Rs, 38,360 from January 2010 to till date, a whopping rise of 166 percent.

Such rise in cotton prices lead to closure of several mills, while the weavers too changed to use of synthetic yarn. According to Kediya, in the process, Indian would loose out on exports of cotton fabrics. He added that Varanasi is the key consumer of cotton yarn, and mercerised cotton yarn in particular.

He said that, they are seeking a ban on raw cotton export, as this measure has capacity to singly bring down the commodity prices.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search