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Cotton producers of TN on warpath after reduction of import duty
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SME Times News Bureau | 18 Apr, 2022
The cotton producers of Tamil Nadu are on a warpath as the central
government has effected exemption for the Agriculture Infrastructure and
Development Cess and Basic Customs Duty for the import of cotton.
This will in affect allow import of cotton bales at zero duty until September 30.
While
cotton farmers are upset with the decision of the central government,
the textile industries of Tiruppur and other parts of Tamil Nadu have
got a major relief for which they were actively pursuing for the past
few months.
The industry has been facing an acute shortage of raw
materials of cotton as the price of cotton was at an all time high and
Tiruppur Exporters Association and other similar organisations had
petitioned the Union government several times that the industry was
losing out to competitors due to the high cotton prices.
The
cotton farmers have said that this was a bolt from the blue for them as
they were getting Rs 10,000 per quintal and it was almost double the
amount which they were getting during earlier days.
Southern Dryland farmers association director, Navaneedhan while speaking to IANS said:
"The
prices of cotton lint had increased only due to the fact that the yield
has come down drastically because of the heavy and excess rains during
last monsoon and an acre of Cotton has yielded only 9 to 10 quintals
instead of the 20 quintals we used to get generally."
He said
that the withdrawal of import duty to cotton has led to the crash down
of its prices and traders have reduced the prices which is affecting the
farmers.
The cotton farmers association leader said that cotton
is a seasonal crop and is an expensive plant. He demanded that the Union
government fix a Minimum Support Price (MSP) of Rs 10,000 per quintal
for cotton lint for the farmers to survive in the market.
The
textile exporters of Tiruppur are, however, rejoiced at the reduction of
import duty and Raja Shanmughan, President of the association while
speaking to IANS said: "This is what the government should have done
earlier. This will make our industry competitive with Bangladesh,
Pakistan and Sri Lankan market and Aour finishing touches and quality
are much higher and hence we will get more business. The decision of the
government will affect the cotton traders who have hoarded raw cotton
and not the farmers. We want the cotton farmers also to grow along with
the exporters."
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