Home / Knowledge / News / Textiles / India to export record quantity of cotton this year
India to export record quantity of cotton this year
10
May '12
India is likely to export a record quantity of around 12.8 to 13.3 million bales (1 bale = 170 kg) of cotton during the current crop year, after the Government revoked its earlier ban on exports, according to industry analysts.

India has already exported 11.5 million bales during the current cotton season ending in September, as per the Cotton Advisory Board (CAB) data.

With the lifting of the ban on exports, experts estimate India will export another 1.3 to 1.8 million bales during the remaining part of the cotton year, especially due to good demand from Bangladesh and some Southeast Asian countries.

In 2010-11 marketing season, India exported a total of 6.6 million bales of cotton. Initially, the Government projected 8.4 million bales of cotton exports during the current season. However, when exports surpassed the estimated figure, the Government imposed a ban on cotton exports.

The ban was revoked by the Government earlier this month after a review of India's cotton demand and supply situation.

Experts say India may end the current cotton season with exports of around 12.8 to 13.3 million bales, which would be much higher than the previous record of 8.8 million bales registered in 2007-08 season.

India's total cotton production this season is estimated at around 34.7 million bales by the CAB, whereas the agriculture ministry estimates a record production of around 35.2 million bales.

At the beginning of the current season, India had a carry-forward stock of nearly 4 million cotton bales, taking the total availability of cotton in the country, for this season, to around 39 million bales.

The CAB estimates the domestic consumption of cotton to decrease to 25.2 million bales this year, as against consumption of 26.7 million bales in last season.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Angelina Francesca Cheang
MY ANJE

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search