Home / Knowledge / News / Textiles / Cotton shortage adds to woes of textile sector
Cotton shortage adds to woes of textile sector
09
Mar '10
Against a requirement of 16 million bales of cotton, cotton production in the current season has touched 12.63 million bales, out of which exports accounted for 975,000 bales, which means a huge gap between demand and supply, which is adding fuel to cotton prices in the domestic markets.

Despite revising the cap on yarn exports in end-February, availability of yarn at remunerative prices is still a big challenge facing the textile value chain in Pakistan. To make matters worse, raw cotton prices have risen sharply, making the task more difficult.

Experts are of the opinion that importing cotton at current global prices is not feasible as it would not be possible to meet the price expectations of the domestic value added sector, however it would be remunerative to export, as export prices are higher than local prices of cotton yarn.

They also add by saying that, by capping yarn exports at 35,000 tons the government has interfered with the free-market mechanism and that the yarn sector cannot be expected to subsidize the value-added industry. The government on its part can provide subsidies to the value-added sector if it wants to support them.

They opine that, yarn prices were bound to go up, as cotton have prices have risen tremendously in the last few months and instead of negotiating higher selling prices with their overseas buyers, they chose to put pressure on the government to ban or cap yarn exports from the country.

The experts warn by saying that, if proper supply of cotton is not made available, textile spinning mills will have to cut production, since the new cotton will be available only in August and with the low inventory levels of ginners and the mills, the day is not too far off.

Fibre2fashion News Desk - India


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Urs Stalder
Sanitized AG

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Amiben Shroff
Shrujan

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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