Home / Knowledge / News / Textiles / Biggest cotton exporting country turns to imports
Biggest cotton exporting country turns to imports
27
Jul '12
A country which has exported around 12.5 million cotton bales (1 bale = 170 kg) in the current marketing season, is expected to import around 1.5 million bales by the end of the season in September 2012.

India, the second biggest cotton producer and also the second biggest exporter of cotton after the US, is on an import binge. The country has imported 500,000 bales till date and is expected to exceed import one more million bales by September.

“The main reason is the lower prices of cotton prevailing in overseas destinations like Tanzania, Zambia, Mali, Pakistan, etc. Importers are buying cotton at 75 to 80 US cents (CNF India) compared to around 88 cents in the Indian market”, a top official of the Textile Ministry informed fibre2fashion.

"Secondly cotton crop sowing is down 10 percent from last year in the new season and the rains which have played truant till date could further dampen the prospects. This also has led to Indian textile industry, importing cotton in huge quantities”, he said.  

He added, “The importers – mainly Indian denim makers are buying short and medium staple cotton and they are also availing a credit period of 60 days from the African countries. They have signed contracts for around 125,000 bales in Pakistan too”.

“We had targeted imports of around 500,000 bales in the current season, but the way they have gathered momentum, we would not be surprised if they cross 1.5 million bales by September 2012”, he concluded by saying.  

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Binoy Ravjani
Hero's Fashion

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

Dharmendra Shah
Ozone PB Spintex Limited

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

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mark Paterson
Technical Absorbents Ltd

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

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

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
February 2017

February 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