Home / Knowledge / News / Textiles / Cotton price crash resulting in human tragedy in India
Cotton price crash resulting in human tragedy in India
16
May '11
Three cotton farmers have committed suicide since Friday in the Vidarbha region in central India.

In speaking to this scribe from India at 11 AM US CST on May 15th, Mr. Kishor Tiwari, President of Vidarbha Jan Andolan Samiti (VJAS), a farmer support group said, 2 farmers committed suicide on this past Friday and one farmer committed suicide on this past Saturday. Farmers in anticipation of higher prices were stocking-up the crop but the market has crashed in India resulting in human tragedy. Farmers are committing suicides due to farming debts and increase in cotton cultivation costs.

Despite record production expected this year in India which is pegged at 32 million bales (170 kg each), Indian government has imposed a quota of 5.5 million bales for export. Farmers are not getting international prices for their harvest. Recently, even traders in local markets are seriously affected, said Mr. Tiwari. Mr. Tiwari blamed the Ministry of Textiles, India for imposing the export quota.

Indian market has been crashing for the past few days. Good quality cotton lint price has come down by over 50%. On Friday, May 13th, quality cotton traded at Rupees 38,000 per candy (356 kg). Tiwari said, last month farmers were getting Rupees 7,000 per quintal (100 kg) for seed cotton, which has crashed now to Rupees 3,200 per quintal (100 kg).

Mr. Tiwari said that he will be leading a delegation of 100 farmers and few farm industry leaders to meet with Mrs. Sonia Gandhi Chairperson of the United Progressive Alliance, the coalition group which runs the Government of India on May 20th in New Delhi. The group is planning on a hunger strike if the talks do not take place as planned.

When pressed by this scribe, Mr. Tiwari reiterated that it is a fact that three deaths have happened in the past two days due to cotton situation in the Vidarbha region in the State of Maharashtra, India. Vidarbha region constitutes about 25% of India cotton cultivation with 22 lakh (2.2 million) hectares planted on an average.

Seshadri Ramkumar, Texas Tech University, USA


Must ReadView All

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

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

Suresh Patel
Sidwin Fabric

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

Ritu Kumar
Label Ritu Kumar

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 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
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

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
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

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
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

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
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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