Home / Knowledge / News / Textiles / Row continues between spinners & cotton exporters
Row continues between spinners & cotton exporters
May '11
With a view to alleviate the financial burden endured while acquiring the raw inputs, the textile factory owners are still pushing their demand for stopping cotton exports.

In spite of efforts to restrain it, the ongoing row between the private sector spinning and weaving firms and the cotton exporters continues to outdo the textile industry.

The Federation of Cotton Exporters (FCE) has inked an amicable deal with the domestic spinning and weaving manufacturers to stop accepting fresh export contracts till first part of June. This contract allows the domestic firms to procure cotton at the export price excluding the setup fees.

Owing to government's disregard to meet their demands to halt cotton exports and waive import duty, the domestic spinning and weaving firms have ceased operations at their factories.

An exceptional rise in cotton prices coupled with a declining yarn supply has badly hit all the spinning and weaving firms in Egypt, and seems to have hurt the private sector, the most.

However, the FCE while firmly contesting the demands of the ailing firms has forewarned that halting exports before executing all the predetermined commitments would create major issues for traders and may cause the country to lose global export markets.

Halting exports would prove a real disaster for the sector, FCE said and added that, the move would greatly tarnish Egypt's reputation in the global cotton market, and if the industry once loses a client it would never be able to get him back.

A dwindling export market would induce the domestic cultivators to abandon cotton cultivation and to take up other profitable crops. Further, a memorandum has been handed over to the Prime Minister by the FCE detailing the serious legal, economic and agricultural consequences of fulfilling the demands of the spinners and weavers.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts

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

Yash P. Kotak
Bombay Hemp Company

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

Ritu Kumar
Label Ritu Kumar

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search