Business Daily from THE HINDU group of publications
Thursday, Jan 10, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Jan 10, 2008 ePaper | Mobile/PDA Version |
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Agri-Biz & Commodities
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Cotton Industry & Economy - Exports & Imports States - Tamil Nadu Plea to ban cotton exports Madurai, Jan. 9 The Madurai Spinners Association has demanded a ban on exports of cotton and cotton waste for a period of time to save the industry from its current crisis. In an appeal to the Union Government, the Association Secretary, Mr P.S. Sivaprasad, sought the Government’s intervention to arrest the rise in prices by announcing a ban. The textile industry is facing currently its worst phase and exports have made cotton dearer. From Rs 18,000 per candy, the rate has gone u p to Rs 21,500. However, prices in the yarn market have not commensurately gone up. The power crisis has already eroded the efficiency in production, resulting in significant loss to the industry. The depreciation of dollar has affected not only the exporters but also the manufacturers, he said in a statement here. — Our Correspondent More Stories on : Cotton | Exports & Imports | Tamil Nadu
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