Home / Knowledge / News / Textiles / Cotton importers book 1mn bales from Gujarat
Cotton importers book 1mn bales from Gujarat
16
Sep '09
Foreign buyers of cotton who kept away from Indian shores in the previous cotton season, due to the high prices resulting from an increase in Minimum Support Prices (MSP) are once again lining up in Gujarat, the biggest cotton producing state.

According to Mr Arun Dalal, a cotton trader of repute from Ahmedabad, Gujarat, who spoke to Fibre2fashion, said, “Yes up till now almost 1 million cotton bales (1 bale=175 kg) have been booked only from Gujarat state alone”.

“This year we expect 7.5 million bales to be exported from India and the corresponding figure for 2008-2009 cotton year was only 3.5 million bales, while in year 2007-2008 cotton export stood at an awesome 8.9 million bales”, he added by saying.

The main reason in rise in demand for Indian cotton according to Mr Dalal is that, most of the cotton importing countries have cleared off their inventories and with recessionary trends blowing away, India exporters are getting more and more orders from China and Europe.

One other reason forwarded by Mr Dalal is that, China is cultivating less cotton, which is expected to reduce cotton output drastically in that country and to meet its demands; China will have to import more cotton in the current year.

He concluded by saying that Gujarat was the only state in the country which trades in cotton futures, which was one more good reason for buyers to line up on shores of Gujarat to book their future cotton requirements.

Today, in Ahmedabad market, prices of Shankar-6 of 29 mm is ruling at Rs 22,500-22,700 per bale, 28 mm is quoting at Rs 21,800-22,2200 per bale and that of 27 mm is standing at Rs 21,300-21,600 per bale.

Fibre2fashion News Desk - India


Must ReadView All

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

Trade & consumers want MDR free digital payments: CAIT

Apparel/Garments | On 12th Dec 2017

Trade & consumers want MDR free digital payments: CAIT

Transaction charges like the merchant discount rate (MDR) applicable...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Urmil Arya

Sushila International, a well established textile organisation established ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search