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

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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