Home / Knowledge / News / Textiles / India's raw cotton exports likely to dip 38% in 2012-13
India's raw cotton exports likely to dip 38% in 2012-13
25
Jan '13
Raw cotton exports from India are likely to decline by 38 percent year-on-year to about 8 million bales of 170 kg each during the ongoing marketing season 2012-13, Textiles Commissioner AB Joshi has said.
 
Speaking to reporters after a meeting of the Cotton Advisory Board (CAB), Mr. Joshi said China has imposed hefty taxes on import of raw cotton and this has forced Chinese textile mills to resort to large-scale imports of cotton yarn, instead of cotton, from other countries.
 
During the cotton season that ended on September 30, 2012, India exported a record 12.9 million bales of cotton, with China emerging as the largest importer. However, India’s raw cotton exports to China have been slower during the past few months. 
 
In December 2012, India’s cotton exports declined by over 60 percent year-on-year, but its cotton yarn exports to China grew during the month.
 
Mr. Joshi expects China to continue importing more cotton yarn from India during 2012-13.
 
In its meeting, the CAB downwardly revised its 2012-13 cotton production forecast to 33 million bales, compared to last season’s output of 35.5 million bales.
 
Mr. Joshi said about 2 million bales of raw cotton are expected to be imported by Indian traders this year, owing to higher prices prevailing in Indian markets.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Neel Sawhney
One Friday

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

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Wendell Rodricks
Wendell Rodricks

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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