Home / Knowledge / News / Textiles / Indian cotton exports likely to surge in 2011-12 season
Indian cotton exports likely to surge in 2011-12 season
12
Oct '11
Cotton exports from India are likely to surge in October 2011-September 2012 season owing to several factors. India is the world's second-largest exporter of cotton and its exports are expected to be around 8-9 million bales (1 bale = 170 kg) this season, as against its exports of 7 million bales last season.

First, unlike last year, there are no restrictions imposed by the Government on export of cotton for this season. Last month, the Government had announced continuation of cotton exports without any limits in 2011-12 season. This is likely to contribute to a rise in cotton exports.

Second, sowing of cotton in the country has risen by 9 percent to around 12 million hectares this season on account of good monsoon. Compared to last season's production of 32.5 million bales, the Cotton Advisory Board has forecasted that India is likely to harvest a bumper crop of 35.5 million bales in the new cotton year beginning October 1, 2011. This would increase the amount of surplus cotton for export.

Third, a weak rupee would also act as a factor for increase in cotton exports. The Indian rupee has depreciated over 8 percent against the American dollar since September. This would automatically lead to lowering of price of Indian cotton in international markets.

In spite of surge in exports, however, sales realization from cotton exports is likely to remain limited. It is because of the bigger harvest in key cotton producing countries like China and Pakistan, which will increase stocks and bring down prices.

Last year, cotton inventory was reduced to a low level due to floods in Pakistan and China, where production declined drastically. This year, cotton production in Pakistan is expected to be around 2.27 million tons, compared to 1.91 million tons in 2010-11. Similarly, China's cotton production is likely to rise to 7.25 million tons, as against its production of 6.40 million tons last season.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X