The Southern India Mills Association has urged the Government to stop the proposed export of cotton by the Cotton Corporation of India and the National Agricultural Cooperative Marketing Fedration of India and ensure stability of cotton prices.
Expressing concern about the proposed export of 10 lakh bales of cotton by these Government agencies, SIMA Chief S. Dinakaran said ‘this decision is unfortunate. If the proposed export is not stopped, the commodity could become scarce at the end of the cotton season,’ he said. Urging the Government to put a halt to the proposed export of the white fibre, he said cotton export registrations have already crossed the 80 lakh bales mark. Export of 10 lakh bales out of the 22 lakh bales procured by the Government agencies would only lead to yet another industry turmoil. ‘The Government fails to consider the domestic industry’s interest while taking any export policy decision,’ he said.