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 | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kerem Durdag
Biovation II LLC

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

Paolo Ocleppo
Sandvik Hyperion

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

Mark Paterson
Technical Absorbents Ltd

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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