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Nov 18, 2009

SISPA seeks ban on cotton exports

The South India Spinners Association has sought a ban on cotton exports.

Association president G. Soundararajan said in a release that cotton prices had soared during the last two months though the new season had just begun. Cotton production in the country had been affected this year because of drought in some States and heavy rains in Andhra Pradesh and Maharashtra.

This had hit the quality of cotton too. By allowing export of cotton at the beginning of the season, the domestic textile industry would not get the advantage of home-grown cotton as the quality cotton would be covered for exports.Mr. Soundararajan said large-scale traders were covering large quantities of the cotton, thus pushing the prices up for the domestic textile industry.

The Government should ensure that quality cotton was available to the domestic industry at affordable prices by banning cotton exports, he said.

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