Home / Knowledge / News / Textiles / Cotton export to Intl market on a rampant rise
Cotton export to Intl market on a rampant rise
04
Apr '08
Lower prices of domestic cotton against the international prices have led to increased rate of exports which stood at about 6 million bales for the period 2007-08.

Although prices of domestic cotton are ruling at Rs22,300-22,600 per bale, these are relatively lower by around Rs2,000 per bale compared to the prices prevalent in America, China and Africa due to decline in world production.

Since demand from the overseas market depicts an unceasing growth, exports from India are likely to further increase to 8.5 million bales by September 2009.

India signed an export commitment of 7.2 million bales of which 6 million bales have already been exported before March 31, 2008. In contrast to the present figures, the total exports stood at about 5.9 million bales in 2006-07.

While commitment for exports to China stood at about 3.8 million bales, supplies to Pakistan have been inked for 1.8 million bales.

The contracted exports to Bangladesh and Far East are posted at 0.7 and 0.9 million bales respectively.

Of the 31.6 million bales estimated for 2007-08, 29.3 million bales have already arrived in the market while the remaining 3.1 million bales stood unsold as on March 31, 2008.

Gujarat known to be the largest cotton producing state of India exported around 3.9 million bales which will go further up to touch 4.5 million bales in the upcoming months.

As compared to this in 2006-07, Gujarat exported around 3.4 million bales. Presently, the state's estimated cotton production is nailed at 11.50 million bales of which 10.10 million bales have already entered the market.

Speaking at a function on 'Growth Accelerators for Gujarat' organized by Confederation of Indian Industries (CII), Mr Ravi Mohan, Head of South Asia, Standard and Poors (S&P) stated, “Globally prices of cotton are ruling higher and the demand for cotton grown in India is buoyant in the overseas markets. This will keep the prices of cotton in the domestic market at a higher level”.


Must ReadView All

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Textiles | On 29th Jun 2017

Vietnam’s textile & garment exports cross $10bn till May

Vietnam earned $10... billion from textile and garment exports in the ...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Silke Brand-Kirsch
Schlegel und Partner

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

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

Mike Hoffman
Gildan Activewear SRL

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
July 2017

July 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



X