Home / Knowledge / News / Textiles / Indian spinning mills increase cotton imports
Indian spinning mills increase cotton imports
13
Aug '12
Spinning mills in India have significantly increased their import of cotton, especially long staple variety from African nations, during the past one month. This sudden rise in imports is believed to be because of the relatively lower international rates and delayed supply of domestic cotton. 
 
The Secretary General of the Southern India Mills Association (SIMA), Dr. K Selvaraju, informed Fibre2fashion, “Cotton imports have picked up not only in south but also in the northern part of India. This year the Cotton Advisory Board (CAB) had estimated the mill consumption of cotton to be 23.2 million bales of 170 kg each and earmarked 11.5 million bales for exports, as against the original quantity of 8.4 million bales.”
 
Explaining the expected shortage of cotton supply, which might arise due to over consumption, he says, “We had indicated to the CAB that our cotton consumption would exceed 24.5 million bales, which is around 2 million bales per month. If the consumption goes higher then there will be a shortage of at least 1.3 million bales.”
 
“Besides, the export volumes are expected to touch 13.5 million, so here again there is an excess of 2 million bales, thus there would be an excess consumption of 3.3 million bales. It might mean that India will end up with negative cotton stocks for the first time in the history,” he adds.
 
The Secretary General further mentions that though the cotton season begins in October, the supply will start arriving only by mid-November and here too the quantity is expected to be very less this time. “Therefore the spinning mills have no choice but to import cotton,” he says.
 
When inquired about the quality of cotton produced in India, he avers, “At least 3 to 4 million bales of cotton, out of the total production, are of below average quality and are not suitable for exports or high-end markets. Hence the mills will have to import cotton from outside.” 
 
Dr. Selvaraju expects that around 2 million bales of cotton would be imported by the spinning mills this season. The African region and the nations that grow long staple cotton are the main suppliers of cotton to India. The easy availability of cotton worldwide and the comparatively cheaper rates work in favour of importers.
 
Stressing on the need to have a consistent cotton export policy, he quips, “The Government should not have interfered with the export of cotton by making constant policy changes. This has created unnecessary panic and affected the image of the country. We need to have a consistent cotton export policy. We have also been demanding the implementation of the ‘National Fibre Policy’ since 2008.”
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Paolo Ocleppo
Sandvik Hyperion

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

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

Judy Frater
Somaiya Kala Vidya

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

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

October 2017

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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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