Home / Knowledge / News / Textiles / Textile industry protests soaring cotton prices
Textile industry protests soaring cotton prices
02
Jun '11
Over last six months, the prices of cotton in Egypt have soared from £12,000 to £43,000 per ton. In protest against this price hike, over 4,000 workers have declared a strike and rallied to the city council.

Around 1,300 factories, which are hit by the rise in commodity prices, are participating in the strike. The protesting firms and workers are demanding a ban on export of raw cotton, ending of subsidies for yarn exports, abolishing sales tax on cotton, duty imposition on exported yarn, raising customs duties on apparel imports and abolishing customs duties on yarn imports till the crisis ends.

The protestors are also demanding introduction of some additional measures to keep the textile industry afloat, as it is a source of livelihood for millions of Egyptians.

The strike is also being supported by the Center for Trade Union and Workers' Services, which has urged the Government to interfere in the matter and take steps to safeguard the industry.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

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

Suresh Patel
Sidwin Fabric

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Pranav Mishra
Huemn

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search