Home / Knowledge / News / Textiles / ASSOCHAM calls for lifting ban on raw cotton exports
ASSOCHAM calls for lifting ban on raw cotton exports
May '11
Following 40 per cent decline in cotton prices during the past one-and-a-half month, industry body ASSOCHAM called for lifting the ban on raw cotton exports to protect interests of farmers across the country.

Cotton prices have tumbled from Rs 59,000 to Rs 65,000 per candy on March 31 to Rs 38,000 earlier this month. “As a result, traders, millers, ginners and at the end farmers have suffered a severe setback,” said The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in communication to the ministries of textiles and commerce.

With opening stock of the year at 45 lakh bales, the production was estimated by the Cotton Advisory Board at 320 lakh bales. But the domestic consumption was estimated at 240 lakh bales. The exports allotted till February-end were 65 lakh bales.

On February 25, the centre banned exports of raw cotton and cotton yarn and the surplus available is 60 lakh bales with global prices ruling at Rs 80,000 per candy.

“The government must allow cotton exports immediately or those holding stocks will have to bear heavy losses. Traders will not be able to pay fair prices to farmers and this could lead to social unrest,” said ASSOCHAM's secretary general D.S. Rawat.

He said the chamber has received wide representations from trade bodies in Karnataka, Andhra Pradesh, Maharashtra and Gujarat on these lines.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM)

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Suresh Patel
Sidwin Fabric

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao

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

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

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search