Home / Knowledge / News / Textiles / India's cotton exports to be below 2011-12 estimates
India's cotton exports to be below 2011-12 estimates
10
Jul '12
Despite producing a record output, India’s cotton exports for the current season are likely to end up below the earlier estimates of 14 million bales of 170 kg each, the US Department of Agriculture (USDA) has said.
 
India produced a record 35.2 million bales of cotton during the 2011-12 crop year. 
 
In May 2012, USDA estimated that India’s cotton exports for the 2011-12 marketing year to be around 14 million bales, but now when the marketing year is about to end, exports are not seen rising beyond 12.87 million bales, a USDA report said.
 
In spite of lifting of the ban on cotton exports since April 30, 2012, poor global demand, stringent export registration policy and firm prices have jointly held back cotton exports from the country, it added.
 
On May 4 and May 8, 2012, India introduced a new policy for registration of cotton export contracts. As per the new norm, the export quantity under each registration certificate has been capped at 10,000 bales for established exporters and at 1,500 bales for those who are exporting for the first time.
 
The USDA report states that the new procedure is the most restrictive policy implemented by the Government of India for cotton exports since 2010.
 
Indian cotton exports during the months of August and September are likely to remain low, owing to weak global demand for cotton and the stringent export registration norms, the report said.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Paolo Ocleppo
Sandvik Hyperion

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

Kevin Nelson
TissueGen

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

Prathyusha Garimella
Prathyusha Garimella

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

Wendell Rodricks
Wendell Rodricks

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X