India's cotton & yarn markets operating normally: Minister

09 May '13

2 min read

India’s cotton and cotton yarn markets are operating in an orderly manner at present, Minister of State for Textiles Panabaaka Lakshmi informed Lok Sabha, the Lower House of the Indian Parliament.

The Minister was replying to a query whether the Government proposes to limit cotton and cotton yarn exports, Economic Times reported quoting PTI.

India’s cotton output for 2012-13 season (October 2012-September 2013) is likely to come to around 34 million bales, according to the estimates of the Cotton Advisory Board (CAB), the Minister said.

Of the total output, around 27 million bales would be consumed domestically, while other 8.1 million bales are likely to be exported, the Minister said in a written reply.

There is enough availability of cotton in the country to cater to domestic demand, cotton prices are stable and there are no supply side disturbances, she added.

Last season, India produced around 35.2 million bales of cotton, of which 12.7 million bales were exported.

Regarding hank yarn obligation, she said, this is a mode of ensuring sufficient availability of reasonably priced hank yarn to handloom weavers.

As per the existing Hank Yarn Packing Notification, every yarn producer packing yarn for civil consumption, should pack 40 percent of the output in hank form, every quarter, and at least 80 percent of the hank yarn so packed should be of less than or equal to 80s count.

No amendments have been made in the existing policy with regard to Hank Yarn Obligation, she said.

Fibre2fashion News Desk - India

More Textiles News - India...