Home / Knowledge / News / Textiles / India's cotton exports to increase on new arrivals
India's cotton exports to increase on new arrivals
19
Nov '11
The export of cotton from India is likely to increase with the arrival of new crop in the market. Delayed crop and delay in arrival because of rains in the north has led to slower arrivals this year.

“As of now, around 2.2 million bales (1bale = 170 kg) of cotton have arrived as against the arrival of 2.8 million bales during the same period last year. But arrivals will pick up in the coming weeks,” Mr. SV Arumugam, Chairman, Confederation of Indian Textile Industry (CITI) told fibre2fashion.

Speaking about the estimated harvest of cotton crop, he said, “Cotton Advisory Board had assessed the crop for this year at 35.5 million bales. After that, there has been some damage to the crop. However, I still expect the crop to be around 35 million bales this year.”

“Globally, there is expectation of a bumper crop and consumption is unlikely to keep pace. With a good Indian crop also, there will be sufficient quantity for domestic consumption. Hence, some decline in cotton prices from the current levels is quite likely, once arrivals pick up. However, I do not expect any huge decline in prices,” he commented.

“The twin reasons – increase in new arrivals and a slight decline in prices – will boost cotton exports. I expect some export demand for cotton and free exports of cotton under Open General License (OGL) facility will help traders to tap global demand fully this year,” he opined.

The CITI Chairman added, “Pakistan may not need much of our cotton this year since its own crop is projected to be good. China and Bangladesh will be our major cotton export markets.”

Fibre2fashion News Desk - India


Must ReadView All

Textiles minister Smriti Irani lighting the lamp to inaugurate the 6th edition of the International Apparel and Textile Fair ‘VASTRA 2017’, in Jaipur. Courtesy: PIB

Textiles | On 22nd Sep 2017

Placement rate in textiles sector is 70%: Indian minister

The recent high growth of foreign direct investment (FDI) in the...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Textiles | On 22nd Sep 2017

Messe Frankfurt acquires Source Africa, ATF textile shows

Messe Frankfurt, one of the world´s leading trade show organisers,...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Suresh Patel
Sidwin Fabric

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

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

Robert Brunner
Devereux

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

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

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

September 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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

Yes No

Active Poll

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

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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

Active Poll

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

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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