Home / Knowledge / News / Textiles / Cotton growers urge govt to lift cotton export ban
Cotton growers urge govt to lift cotton export ban
16
May '11
In a last ditch attempt to earn some profit from sales of unsold stock during current season, the cotton cultivators in Gujarat want the Centre to lift the export ban on cotton.

Though the current crop season is about to end, farmers are still left with 20 percent of their produce as unsold stock.

In order to control cotton prices in the domestic market, due to failure of crop in Pakistan and China on account of heavy floods, the Centre had capped cotton exports at 5.5 million bales.

The commodity prices have kept on fluctuating throughout the season and even hit the bottoms during the current month.

The prices have plummeted from Rs. 62,500 per bale in April to Rs. 44,000 in Gujarat, this month. The price of 20 kg cotton lint too has dropped from Rs. 1,425 to Rs. 650.

According to the cotton cultivators, the Centre should raise the export ceiling in view of record production of 12.5 million bales, this season.

Last year cotton exports were capped at 8.5 million bales, but this year when there has been a rise in production, the Centre instead of raising this ceiling, has lowered it.

Of total production of more than one billion cotton bales in the state during this season, farmers are still left with 20 percent of the same. Thus in order that, they make a tidy profit, cotton farmers are urging the government to lift ban on exports.

The state contributes around 30 percent of the country's overall cotton production.

Editorial note - A lot of farmers who had good holding power, had held on to their produce with the expectations of garnering even higher prices. However, cotton prices which have plunged around 30 percent in the last two fortnights, has thrown this lot in to despair.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Eric Scholler
Groz-Beckert

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

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

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

Igor Chapurin
Chapurin

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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