Home / Knowledge / News / Textiles / Cotton export delays may lift spot prices
Cotton export delays may lift spot prices
05
Oct '10
India, the second largest exporter of cotton has prolonged the date from which exports of cotton may begin, which is expected to flare-up cotton prices in countries like China, Bangladesh and Pakistan, as users scramble to acquire stocks.

Overturning the estimates of the exporters, cotton export consignments have been delayed by almost a month, and would now start from November 1.

Further, as these exports have been deferred, this would require the importers to procure cotton from whatever source they can, so that they can meet their immediate requirements.

It was just a couple of days back that cotton futures soared to 15-year high levels following the rising apprehension that, the demands may supersede supplies.

Pakistan, the third largest consumer of cotton is expected to import around 2.8 million bales of cotton this year, because floods have devastated most of country's domestic cotton production.

Structural discrepancies in the supply-demand ratio are driving the cotton prices, globally. Experts say that, delay in shipments from India may broaden the gap between the spot prices and New York futures.

A ceiling of 5.5 million bales has been imposed on exports of cotton from India. The ceiling figure will be reconsidered in the second half of December 2010.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Sonia Agarwal
Whitenife

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

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

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

Kevin Nelson
TissueGen

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

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...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

July 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

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

Yes No

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

Yes No

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


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



X