“The Govt earlier on Tuesday banned the exports of onion as the prices were hitting the floor for the last few weeks. .The garment manufactures earlier pleaded the Govt to intervene in the increasing prices of cotton yarn to save the industry. ..The
curbs on yarn exports came due to a 85% rise in global prices over the
last nine months. Khullar said there was a tug of war between different
segments of the textile industry yarn makers and fabric and garment
manufacturers. ..While the yarn makers decry the restrictions, the move has come in as a relief to garment makers, India Times quoted. ..After the ban on onion exports last Tuesday, onion prices came down up to 50 percent low. ”
Date:12/23/2010
Source:www.commodityonline.com