The Textile Mills Association of South 1ndia has asked the government to resume its decision to ban cotton exports

the Textile Mills Association of South 1ndia (S1MA) has asked the government to immediately revoke the decision to export cotton under license and suspend cotton exports until next year, in order to protect the interests of millions of textile mill workers who use cotton as the main raw material< 1n a statement, J thulasidharan, chairman of the association, said that the decision to lift the suspension of cotton exports had a strong impact on the spinning industry. This decision will lead to the closure of spinning enterprises within 2-3 months due to the lack of cotton supply small and medium-sized spinning mills are in crisis due to serious power shortage, high transportation costs, strong bank interest and high labor costs. This decision of the government will further exert pressure on yarn prices. As a result, exporters of clothing, hand looms and power looms will face more difficulties several industry associations jointly requested the government to consider the needs of the industry before determining the scale of cotton export at the beginning of the year. On April 30, 2010, the government suspended the export of cotton, but at that time, 85.22 million bales had been registered, and 73.79 million bales were allowed to be exported by the government, exceeding the 55 million bales specified by cab he said: “the Federal Council of ministers decided to suspend cotton exports before September 2010, but then suddenly made a” U “decision that the free export of raw cotton completely ignored the interests of domestic industries.” he said that some people said that the inventory at the end of 2008-09 was 7.15 million bales, and the inventory to consumption ratio was 31.2%. Stable cotton prices and corresponding yarn prices will make the spinning industry feel comfortable. However, if the government cancels the decision to suspend cotton exports, the inventory will be reduced by another 1.15 million bales, which will deplete the available ending inventory of 3.5 million bales. The inventory to volume ratio will fall to 14%, the lowest inventory level in 1ndia in recent years. China has always maintained the lowest inventory to consumption ratio of 30-35%, so as to ensure the stable supply of industry and maintain the competitive price of cotton he said that the price of sankar-6 cotton variety was 22300 rupees / candy (355kg) in early October 2009 (October September) and rose to 28500 rupees / candy in March 2010, because 1ndia freely exported raw cotton without any plan Author: Cao Haihong

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