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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


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