Interviews
Rise in cotton prices linked to skewed polices – TT group
19 Apr '10
4 min read
He noted that, “This strange relationship between cotton fiber and cotton seed oil product has never being analyzed fully and it needs now to be taken into account immediately by Govt. of India to save the textile and garment industry in India”.
He was of the opinion that, “Govt. should now put an immediate ban on cotton exports as cotton stocks have depleted to below danger levels, as cotton imports can prove to be very costly, but any attempt to restrict, or ban, or introduce contract registration for cotton yarn exports, will be counter productive and will spoil India's leading position in the yarn world market”.
He was of the opinion that, “Govt. should now put an immediate ban on cotton exports as cotton stocks have depleted to below danger levels, as cotton imports can prove to be very costly, but any attempt to restrict, or ban, or introduce contract registration for cotton yarn exports, will be counter productive and will spoil India's leading position in the yarn world market”.
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