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 Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

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...

Kevin Nelson
TissueGen

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

Wendell Rodricks
Wendell Rodricks

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
July 2017

July 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