TaxTMI 
TaxTMI 
Impact of Global Recession on Cotton Growers
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....mpact of Global Recession on Cotton Growers <br>News and Press Release<br>Dated:- 29-4-2015<br><BR>As per the Second Advance Estimates of Ministry of Agriculture, India's production of cotton during 2....
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....014-15 was 351.52 lakh bales (of 170 Kg each) as compared to 359.02 lakh bales in 2013-14 and 356.02 lakh bales in 2012-13. However, compared to the corresponding period of 2013-14, export of raw cott....
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....on during 2014-15 (Apr - Feb 2015), has declined by 41.32% in quantity terms and 46.60% in value terms. As exports account for a substantial share of India's production of cotton, the decline in expor....
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....ts has resulted in a surplus for the domestic market and has impacted the cotton growers. Cotton Corporation of India (CCI) has undertaken large MSP operations in all cotton growing States. For safe....
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....guarding the interests of cotton growers in general and disposal of cotton to be procured under the MSP operations in particular, Ministry of Textiles has written to Indian High Commissions/Embassies ....
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....in cotton deficit countries like Bangladesh, Vietnam, Indonesia, Turkey, Thailand to explore new avenues for export of cotton for stabilizing cotton prices in India. This information was given by th....
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....e Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.<BR> News - Press release - PIB....