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

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Nisha Chanda
Whistling Woods International School of Fashion

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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