Home / Knowledge / News / Textiles / Low stock-to-mill use ratio worrying textile sector
Low stock-to-mill use ratio worrying textile sector
27
Oct '10
Every year, the new cotton season begins in October. It is an important period for the Indian textile sector as 60 percent of it is still based on cotton.

The year 2010-11 appears to be difficult for the industry as raw cotton prices are escalating in spite of the possibility of abundant cotton production which is expected to touch 32.5 million bales. During 2009-10, the cotton production was 29.5 million bales.

Currently, price stabilization has become an issue of great concern for the whole textile value chain. Textile factories buy most of the cotton required for the year in April-May, when the fresh cotton bundles come in the market.

The stock-to-mill use ratio in India had been recorded at 16 percent on 30th September which is quite low as compared to 30 percent in China. The carryover stock is also low in India and is around 4 million bales as compared to 18 million bales in China. There has also been a rise in the global as well as domestic textile consumption this year. All these have raised the cotton requirement.

The price of Shankar-6 cotton variety increased from Rs 30,800 per candy in August to Rs 40,500 now. The price of 40s carded warp cotton yarn has escalated from Rs 187 in August to Rs 213 per kg, at present.

The government of India had announced that only excess cotton would be permitted for exports. The textile sector has been requesting the government to regulate exports of cotton and allow the exports from January 2011 only. The value-adding garment industry is also urging the government to adopt essential measures to check the cotton yarn prices.

Fibre2fashion News Desk-India

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

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

Sonam & Paras Modi
SVA

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search