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13.3 mn cotton bales arrive in Indian market by Dec 31
02
Jan '14
An estimated 13.235 million bales of cotton have arrived in the Indian market by December 31, 2013, compared to arrival of 10.375 million bales during the corresponding period of last season, well-known cotton trader Mr. Arun Dalal told fibre2fashion.
 
The increase in cotton arrival was mainly due to a rise in cotton arrival from Gujarat, Maharashtra and Madhya Pradesh, which together contributed 8.275 million bales to the total arrival, as on December 31. 
 
This season, cotton has been sown on 11.392 million hectares of land compared to last season’s 11.491 million hectares. However, cotton production is likely to go up to 37.4 million bales in 2013-14 season, as against last season’s production of 34.5 million bales, according to Mr. Dalal.
 
India’s cotton exports are likely to decrease to about 8.5 million bales during the ongoing season, compared to last season’s exports of 10 million bales. Already there is export registration for 4.5 million bales, and about 3.3 million bales of cotton have already been shipped.
 
The decrease in cotton exports is due to increase in exports of yarn, which increased by 40 percent year-on-year in 2012-13.
 
Cotton consumption by domestic textile mills is expected to go up by about 2 million bales mainly due to increase in yarn exports.
 
Compared to average requirement of 80,000 bales per day, the average cotton arrival at present is in the range of 200,000 to 220,000 bales per day, Mr. Dalal said.
 
The carry forward stock of cotton is likely to increase by 1 million bales compared to last season, however, it would much depend on global export policy, he added.
 

Fibre2fashion News Desk - India

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