Home / Knowledge / News / Textiles / Raw cotton exports from Gujarat witness hike
Raw cotton exports from Gujarat witness hike
30
Dec '11
Gujarat, which all along has been the biggest exporter of cotton from the country, is set to export a huge volume of the white gold in the current cotton season 2011-12.

Shankar-6 variety of cotton, grown in Gujarat is the highest exported variety from India. Most of the cotton crop grown this year is destined for China, the biggest global cotton importer.

Rough estimates indicate that Gujarat will export 6 million bales (1 bale = 170 kg) in the current season against 5.2 million bales in the previous cotton year.

The Indian government has placed raw cotton exports in the open general license (OGL) in the current fiscal year, while last year it had placed a cap of 5.2 million bales and later on permitted an additional 1 million bales, which is the main reason for the surge in exports this year.

Speaking exclusively to fibre2fashion, Mr Anand Popat, General Secretary - Saurashtra Cotton Ginners Association (SCGA), said, “The demand in both domestic and international markets is good and Gujarat has exported roughly 2.5-3.0 million bales till now”.

He added, “Secondly, cotton exports are up as our current rates are best in the international market. Currently, the market is steady because of movements in the yarn market. We do not see prices moving further down in the near future.

“The prices of cotton are between Rs. 34,500–35,000 per candy (1 candy = 356 kg). Earlier the rate had fallen to Rs 33,000 per candy, but rose due to dollar appreciation”.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Angelina Francesca Cheang
MY ANJE

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

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sanjukta Dutta
Sanjukta's Studio

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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