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

L-R: Surya Ajay Agarwal (Director - Donear), Vikram Mahaldar (MD - OCM) & Rahul Rajendra Agarwal (Director - Donear)

Textiles | On 20th Nov 2017

Promoters of Donear Group acquire OCM Woolen Mills

The promoters of Mumbai-based Donear Group have announced the...

NRF welcomes US Senate committee approval on tax reform

Textiles | On 20th Nov 2017

NRF welcomes US Senate committee approval on tax reform

The National Retail Federation (NRF) has welcomed the approval of tax ...

NTGM opens garment export facility in Yangon

Apparel/Garments | On 20th Nov 2017

NTGM opens garment export facility in Yangon

Nordic Technology Group Myanmar Ltd. (NGTM) recently initiated...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

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

Yash P. Kotak
Bombay Hemp Company

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search