Home / Knowledge / News / Textiles / Cotton will need to be imported at high prices - expert
Cotton will need to be imported at high prices - expert
30
Apr '10
In order to provide adequate amount of raw cotton to the domestic industry, the government has imposed ban on the export of cotton from 19th of April. But, this ban has been imposed when the cotton season is about to finish and quality cotton has already been exported to the countries like Pakistan, Bangladesh and China, and just the end-of-season cotton has been left behind.

The industry had been urging government to control raw cotton sales since the month of October. Demand for raw cotton in domestic as well as in global market showed increase with global economic recovery. This demand escalation resulted into the constant growth of prices of cotton.

Though these prices have now started falling down, the industrialists are still skeptical about their move in coming days. India's raw cotton production for the year 2009-2010 is projected at 29.2 million bales (1 bale=170 kg), slightly more than 29 million bales produced in 2008-09.

Domestic consumption of cotton grew by 9.17 percent, while its exports soared up by 128.6 percent during this fiscal. Considering all these factors, as per the Cotton Advisory Board, in 2009-2010 around 4 million bales will remain in the stock, which is less by 3.15 million bales than that in 2008-09. As per experts, the season ending stock should be at least 5.5 to 6 million bales, to fulfill at least three-month requirement of the domestic industry.

Currently, not even 10 per cent of the end-of-season raw material is suitable to manufacture high-quality fabrics. Now, industry experts say that the textile sector will need to import raw cotton at a price higher than that at which the exporters exported it, as the domestic market would witness raw cotton dearth due to the export of best produce.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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