Home / Knowledge / News / Textiles / India's cotton exports to plummet 45% in 2012-13
India's cotton exports to plummet 45% in 2012-13
05
Oct '12
Cotton exports from India are likely to witness a significant drop of around 45 percent in the 2012-13 marketing season that began on October 1, 2012.
 
The international demand for cotton is likely to be less this season due to high stocks, and this will affect India’s cotton exports, Textile Commissioner AB Joshi said after a meeting of the Cotton Advisory Board (CAB).
 
CAB estimates India’s cotton exports during the current marketing year to fall to seven million bales of 170 kg each, a drop of over 45 percent compared to exports of 12.8 million bales made by India last season.
 
In 2011-12, around 65 percent of India’s cotton exports were destined to China, but this year there might be a sharp fall in demand from China, according to the CAB.
 
China is likely to import less this year as it has huge stockpiles of cotton, and also because it is likely to harvest good crop this season, Mr. Joshi said.
 
Moreover, prices of cotton in India are higher compared to prices prevailing in international markets, which will also impact India’s cotton exports, he added.
 
The CAB advises the Government of India on cotton production, consumption and sales, including exports.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Tony Ward
Tony Ward

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
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