Home / Knowledge / News / Textiles / India's cotton & yarn markets operating normally: Minister
India's cotton & yarn markets operating normally: Minister
09
May '13
Smt. P Lakshmi
Smt. P Lakshmi
India’s cotton and cotton yarn markets are operating in an orderly manner at present, Minister of State for Textiles Panabaaka Lakshmi informed Lok Sabha, the Lower House of the Indian Parliament.
 
The Minister was replying to a query whether the Government proposes to limit cotton and cotton yarn exports, Economic Times reported quoting PTI.
 
India’s cotton output for 2012-13 season (October 2012-September 2013) is likely to come to around 34 million bales, according to the estimates of the Cotton Advisory Board (CAB), the Minister said.
 
Of the total output, around 27 million bales would be consumed domestically, while other 8.1 million bales are likely to be exported, the Minister said in a written reply.
 
There is enough availability of cotton in the country to cater to domestic demand, cotton prices are stable and there are no supply side disturbances, she added.
 
Last season, India produced around 35.2 million bales of cotton, of which 12.7 million bales were exported.
 
Regarding hank yarn obligation, she said, this is a mode of ensuring sufficient availability of reasonably priced hank yarn to handloom weavers.
 
As per the existing Hank Yarn Packing Notification, every yarn producer packing yarn for civil consumption, should pack 40 percent of the output in hank form, every quarter, and at least 80 percent of the hank yarn so packed should be of less than or equal to 80s count.
 
No amendments have been made in the existing policy with regard to Hank Yarn Obligation, she said.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Eric Scholler
Groz-Beckert

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
January 2017

January 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