Home / Knowledge / News / Textiles / Glut, sluggish demand trip cotton exports
Glut, sluggish demand trip cotton exports
22
Apr '15
Hit by sluggish Chinese demand, India’s cotton export is expected to fall 29 per cent to 7 million bales in the current crop year that ends in September. India has so far exported only 4.5 million bales of cotton this year, media reports quoted a Cotton Council of India official as saying. In the last crop year (October-September) India exported 9.9 million bales.

One bale contains 170 kg of cotton. Exports have slowed down due to higher world stockpiles and sharp decline in demand from China.

The International Cotton Advisory Committee, in a recent report has said that the record volume of cotton stocks has put downward pressure on international cotton prices.

The CCI which procures cotton at the government’s minimum support price from farmers, has procured 8.69 million bales of cotton at the support price as against the target of 9 million bales in the current crop year.

The Cotton Advisory Board (CAB) has forecast a production of 40 million bales of cotton in the current crop year against 39.8 million bales 2013-14.

While cotton exports are falling, domestic cotton mills are facing a severe shortage of raw cotton and have repeatedly urged the CCI to sell its stockpile in the domestic market through e-auctions. (SH)

Fibre2fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Frank Gossmann
Rotorcraft AG

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

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urs Stalder
Sanitized AG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Wendell Rodricks
Wendell Rodricks

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

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

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search