Industry body Assocham today called for lifting of the ban on raw cotton exports following a 40 per cent decline in cotton prices during the past one-and-a-half month, to protect farmers interests across the country.
“The government must allow cotton exports immediately or those holding stocks will have to bear heavy losses. Traders will not be able to pay fair prices to farmers and this could lead to social unrest,” Assocham Secretary General D S Rawat said.
He said the chamber has received wide representations from trade bodies in Karnataka, Andhra Pradesh, Maharashtra and Gujarat on these lines.
Cotton prices have tumbled from Rs 59,000-Rs 65,000 per candy as on March 31 to Rs 38,000 earlier this month.
