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 - 1519488205.3587 Start news id check - 1519488205.3588 After news id check - 1519488205.3591 After cookie_code - 1519488205.9608 Before news detail - 1519488205.9608 After news detail - 1519488205.9614 Start cat select - 1519488205.9615 After cat select - 1519488205.9617 before preg replace - 1519488205.9617 After preg replace - 1519488205.9618 Before tag engine - 1519488205.9618 After tag engine - 1519488205.9654 Before mptt engine - 1519488205.9654 After mptt engine - 1519488205.9654 Before related engine - 1519488205.9654 After related engine - 1519488205.9673 Before update hits - 1519488205.9674 After update hits - 1519488205.9676 After update news_hits - 1519488205.9686 After mem_only_views - 1519488205.9686 -------------------------------------------------- Total Exec time:- 0.6100001335144
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 • 24-02-2018