Home / Knowledge / News / Apparel/Garments / Scarcity of cotton concerns apparel sector
Scarcity of cotton concerns apparel sector
15
Apr '10
Vietnam has both, suitable climate and soil conditions for cotton cultivation. Despite this, the country is unsuccessful in supplying adequate quantities of raw cotton to the local textile-industry.

Since other raw materials, required by the domestic clothing industry are also in dearth, Vietnamese industries are importing 70 percent of the required materials mainly from India, Taiwan and China.

However, Vietnam is now under pressure, as India started levying duty on overseas sales of raw cotton, so as to protect its own textile-apparel sector. India exports high amount of raw cotton to Vietnam every year.

If countries continue to levying duty on their raw cotton exports, then the local textile industry may face shortage of the raw material. This could possibly lead to many local industries facing problems to fulfill their orders. Currently, cotton prices across the world are almost US $1.9 per kilogram, nearly double the cost, in the same period last year.

Since the onset of this financial year, many international companies had placed orders with Vietnam for apparel goods. Most of these orders have already been exported, during the first quarter of 2010. More so, instead of selling the end product locally, Vietnamese companies choose to export the goods, so as to earn higher profits.

Though local companies have inked contracts for overseas sales of textiles, they fear that, the cost of cotton imports could continue to increase in the near future. In 2009, Vietnam spent $5.4 billion on imports of fabric, fibre and cotton, while it earned $9 billion as total turnover from its apparel and textile exports.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search