TAJIKISTAN: Lint cotton prices lead to closure of textile units

DUSHANBE: Tajik-Korean Kabool-Tajik-Textiles JV interrupted its functioning in Khujand, because of lint cotton prices, Deputy Industrial Ministry of Tajikistan Abdukarim Khikmatov said here on May 19.

According to the Tajikistani Industry Ministry, several other textile plants are going to stop its production because of the price growth and textile production becomes unprofitable under such stuff price in Tajikistan.

Deputy Industrial Ministry of Tajikistan further said that the lint cotton price for domestic producers was increased in accordance with joint decision of Economy and Trade Ministry, Agricultural Ministry, and State anti-Monopoly Committee of Tajikistan.

He also pointed out that the domestic producers are driven into unfavorable situation comparing with lint cotton exporters from Tajikistan as textile plants have to buy 1 ton of raw cotton for $ 108 more than exporters now which earlier was available for $ 948 per ton.

However the deputy minister stressed that he hardly understands logic of the decision, supposing that it was allegedly done to settle debt problem of cotton-growing farms with foreign investors.

Further the whole Tajikistan textile industry can stop as domestic production will be noncompetitive with such prices at world markets. On the other hand, only 12.4 percent of the whole cotton-wool is processed in the country.

Khikmatov also stressed that although Tajikistan has considerable capacities; farms are not able to process bigger amounts of cotton-wool because of lack of turnover means, which may be received only through foreign investments.


Send your News/Releases for publication to [email protected]
Added: May 20, 2006 Source: Local Newspaper.
Start script - 1529340538.9445 Start news id check - 1529340538.9445 After news id check - 1529340538.9448 After cookie_code - 1529340539.356 Before news detail - 1529340539.356 After news detail - 1529340539.3565 Start cat select - 1529340539.3565 After cat select - 1529340539.3567 before preg replace - 1529340539.3567 After preg replace - 1529340539.3568 Before tag engine - 1529340539.3568 After tag engine - 1529340539.3604 Before mptt engine - 1529340539.3604 After mptt engine - 1529340539.3604 Before related engine - 1529340539.3604 After related engine - 1529340539.3623 Before update hits - 1529340539.3624 After update hits - 1529340539.3625 After update news_hits - 1529340539.3638 After mem_only_views - 1529340539.3638 -------------------------------------------------- Total Exec time:- 0.41939997673035
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 18-06-2018