Home / Knowledge / News / Textiles / Cotton cultivators to talk with govt on cotton price hike
Cotton cultivators to talk with govt on cotton price hike
03
May '11
An union recently revealed that, the cotton cultivators in western Burkina Faso, the largest fibre producer in Africa, have consented to carry out negotiations with the government to end a row over fixed price and cost of fertilizers.

National Cotton Producers Union of Burkina Faso stated that, the union members had urged them to hold talks with the government for getting subsidy for fertilizers which costs the highest in Western Africa, or to get a rise in minimum price of cotton.

Cotton cultivators in western Burkina Faso warned that, unless the government does not agree to raise the minimum price that it pays to cotton cultivators to 500 CFA francs or $1.12, they would boycott the current year's cotton season. The state on April 25 raised the price by 35 percent to 245 francs.

Owing to global scarcity of fibre, cotton prices rose by almost 100 percent in New York during last year.

The price jumped by the exchange limit on ICE Futures U.S. yesterday, advancing 6 cents, or 4 percent to $1.5802 a pound.

The unions comments on the issue came after a protest of cotton cultivators in Bobo- Dioulasso, second-largest city of Burkina Faso located in the southwest of the country. The farmers were seeking resignation of the state-run cotton company, Sofitex's management.

The union leader recently discussed the issue with the Agriculture Minister Laurent Sedogo, who assured that, he would place these issues and the industry demands before senior officials, and would find a solution to the same, Traore said.

Burkina Faso in 2008 harvested 226,000 metric tons of cotton, while according to the United Nations agency, the country is the 11th largest cotton producer across the globe.

Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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


May 2018

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

news category


Related Categories:

Advanced Search