Home / Knowledge / News / Textiles / Cotton exports pick pace may miss targets
Cotton exports pick pace may miss targets
06
Apr '09
India had exported 8 million bales (1 bale = 170 kg) of cotton in the previous cotton season, but the export target of just 5 million bales in the ongoing current season seems highly unlikely, looking at the recent figures released by the Textile Commissioner's office.

Cotton amounting to 950,000 bales has been exported till March 31, 2009, of which 597,000 bales have been shipped in the first quarter of 2009 alone. Market watchers are pessimistic of reaching the targeted figures going by the pace set till now.

The government had declared an incentive of 5 percent in January on exports of raw cotton from the country which is applicable from April 1, 2008 till July 2009, which accounts for the high rate of exports from the country in the first quarter of 2009.

Exports had been slow to take off due to the high prices prevailing in the domestic markets compared to those prevailing in the global markets, due to the change in Minimum Support Price (MSP) which was raised by 25-40 in the beginning of the cotton season.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search