Home / Knowledge / News / Textiles / Indian cotton exporters up purchase as prices weaken
Indian cotton exporters up purchase as prices weaken
31
Dec '11
Indian cotton exporters have increased their buying tempo and are making brisk purchases as prices have weakened to around Rs. 35,500 a candy of 356 kg each on December 29 compared to Rs. 39,000-39,500 in first week of November 2011.

Speaking to fibre2fashion, Mr. Baldev Pujara, owner of the Coimbatore-based cotton broking house JG Pujara & Sons, said, “Exporters have been buying cotton from the market for the last 45 days, but they have now increased their tempo and are purchasing in bigger volumes.”

He said Louis Dreyfus Commodities, Olam International and Carlyle Major have been the top 3 multinationals that are buying cotton for exports. He named Bhadresh Trading, Ruchi Worldwide, Gill & Co. and Khimji Vishram and Sons as other trading houses that are buying cotton.

Talking about expected volume of exports this year, Mr. Pujara says, “By December-end, 2 million bales were already shipped out and the exporters had another 4-5 million bales on-hand, out of which around 2 million bales are due for shipment in January. In all, at least 8 million bales will be exported this year, then the Government will decide whether to allow further export or not. Currently cotton exports are under open general license (OGL).”

Informing about the factors that propel India's cotton exports, he says, “Indian cotton is cheaper and hence, it is competitive on the price front. Secondly, cotton is available in large quantities this year, which includes all types of cotton and for all kinds of requirements.”

“America's crop has damaged to a certain extent this year and the production is around 25-30 percent less than the volume expected earlier. So, a percentage of the North American market got passed on to India fueling the cotton exports form our country,” he adds.

Saurashtra Ginners Association President Mr. Bharat Vala also agrees that major exporters are buying cotton and names Jaydeep cotton, Bhadresh cotton and DM Lakhani as the export houses that are purchasing cotton.

Commenting on the main export destination, Mr. Vala says, “Our main export destination for 2012 is China. The northern neighbour will open its new quota after the New Year holidays i.e. after 20th January. So, the exporters who have sold or who have got contracts are buying now, and currently covering is going on.”

Fibre2fashion News Desk - India


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Rikesh Mistry

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

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Larry L Kinn
Suominen Corporation

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

Yash P. Kotak
Bombay Hemp Company

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

January 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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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