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Cotton prices witness fall

05
May '10
According to the Minister of Agriculture, Clement Dlamini, there has been a fall in the prices of cotton.

He mentioned that, in spite of the adverse economic situations prevalent in the industry, the price of superior quality seed cotton has been fixed at E4 per kilogramme. He further added that, this was supposed to step up cotton production by 58 percent over the previous season.

This also indicated an increase in cotton manufacturing to 2,450 tonnes over 1,550 tonnes recorded during the previous season.

According to him those were the positive progressions which worked as an incentive for farmers, inspiring them to stick to cotton production.

He also stated that, the ministry was quite firm on its decision to revitalize the cotton industry as it looked upon it as a measure to combat poverty and unemployment issues in the rural areas. Parallel form of assurance was also asked from the farmers by the minister from hereon.

Fibre2Fashion News Desk - India


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