The Textile Industry Agrees To Continue To Implement The Free Market Mechanism.
The textile and cotton sector rejected TCP's freedom.
Stakeholders asked the Ministry of textiles not to allow the trading companies to interfere in the cotton trade.
This is a meeting held by stakeholders of the Ministry of textiles and the stakeholders of the cotton trade association and cotton exporters.
The chairman of the all Textile Mills Association said that cotton prices rose sharply last year to an abnormal $2.2 / kg last year, but the all textile mills association did not ask the government to intervene for a day. Instead, they continued to be a free market.
The decline in cotton prices is a global phenomenon. The all Textile Mills Association has not taken any measures to reduce the cotton price. Therefore, there is no basis for the promotion of cotton price by the association of all cotton mills.
This is not manipulation, but the recent speculation of several ginning speculators.
It is said that if the intervention of the trading company is unavoidable, if it is unavoidable, then the whole textile factory Association should also get the permission of bidding for the trading company. The current textile industry has only 4 million 500 thousand bales of cotton.
He added that the government should provide equal opportunities for every stakeholder to take advantage of this opportunity rather than to take a different attitude in the case of damaging the resources of the state treasury.
The proposal of the cotton rolling Flower Association has been submitted to the Ministry of textiles for a proposal to increase cotton stocks to prevent cotton prices from falling, but the Ministry of textiles has not yet decided.
The delegates said that as of December 15, 2011, 11 million bales of cotton had arrived, and by December 31st, the volume would increase again, about 12 million 200 thousand bales.
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