Business Daily from THE HINDU group of publications
Wednesday, Oct 03, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Oct 03, 2007 ePaper |
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Agri-Biz & Commodities
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Cotton Industry & Economy - Packaging States - Gujarat Cotton trade resents Gujarat ginners’ move on packing charges
The pressing and packaging charge have be borne by the buyers in the South. Our Bureau Coimbatore, Oct. 2 The recent move by the Gujarat-based cotton ginning and pressing factories to newly add pressing and packaging charges separately in their invoices for cotton purchases has unnerved the southern cotton mills. Gujarat cotton ginners have started insisting on the new charges, about Rs 40 per bale, that are separately added as the pressing and packaging charge to be borne by the buyers, the SICA officials here said. Dubbing it as an illogical and untimely, the SICA Secretary, Mr K.N. Viswanathan, said it would hurt the trade and that his association planned to take it up with the Gujarat Ginners Association on this after holding consultations with the regional textile apex body, Southern India Mills Association (SIMA). Gujarat commandThe cotton trade in South is piqued by the introduction of a new category of cost add-ons this time and their worry stems from the fact that Gujarat being the single largest cotton producing state accounting for a third of India’s total production of 300 lakh bales may leverage their high quality ginned cotton to stake the prices in the market. Export enquiriesBesides their command on domestic market, bulk of cotton export enquiries are also directed at Gujarat’s Sankar varieties. Cotton consumers in the South fear that other cotton producing States might also be encouraged by the move of Gujarat ginners. More Stories on : Cotton | Packaging | Gujarat
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