The India Spinning Association Calls For A Monthly Maximum Cotton Export Quota.

south India Spinning Association (SISPA) the stakeholders of the India textile industry can jointly make recommendations to the federal government according to some parameters of the month, such as production, consumption and cotton Supply, determine the maximum monthly cotton. Exit This will ensure that domestic cotton growers can get a good price, and at the same time help stabilize prices.

The association expressed concern that small and medium sized spinning mills only sell yarn in the domestic market, and they only buy cotton according to their needs. enterprise It may be closed because of the spiralling rise in cotton prices.

The South India Spinning Association (SISPA) has been urging the government to maintain at least 40% of its inventory to international consumption according to international standards. However, the government has not adopted the recommendations of the association. Usually, new cotton has entered the market since September, and November is a peak of arrival. It should have 300 thousand bales of cotton per day. However, the arrival time is postponed this year and the number is reduced. Everyone thinks cotton growers should get a fair price.

However, the central government has not announced the cotton export policy, instead of raising the minimum supporting price of cotton. The association criticized the government for allowing cotton exports before new cotton had entered the market. As a result, cotton prices rose unprecedentedly and domestic supplies were scarce. The spinning mills and all the user businesses were affected.

SISPA said the small and medium sized spinning mills do not export yarn, and they are always ready to sell their products in the domestic market. Cotton yarn stock is adequate.

He believes that all stakeholders in the industry, spinning mills, handloom enterprises, knitwear and garment enterprises, should be combined to make recommendations to the government to determine monthly export quotas based on domestic production, consumption and inventory, in addition to ensuring that cotton farmers can sell a good price and help stabilize cotton prices.