Home / Knowledge / News / Textiles / Expect precarious cotton stocks in Dec – Mr Nair, CITI
Expect precarious cotton stocks in Dec – Mr Nair, CITI
09
Nov '10
Mr DK Nair
Mr DK Nair
The government of India had placed a cap of 5.5 million bales on cotton exports for which the registrations have closed. Of this, the Office of the Textile Commissioner has permitted and cleared shipments for 5.2 million bales.

Of these 5.2 million bales, 90 percent are destined for just four countries; China, Bangladesh, Pakistan and Indonesia, who are the competitor countries in the global textile value-added markets, lamented a top official of CITI.

Speaking to fibre2fashion, Mr DK Nair, Secretary-General of Confederation of Indian Textiles Industry (CITI) said, “According to CAB estimates, there has been a carry over stock of 4.05 million bales from last year and around 6-6.5 million bales of ginned cotton will be available from the new crop by end-November. Thus, as of end-November, we may have a total of 10-10.5 million bales.

He added by saying, “Out of this, 5.5 million bales need to be procured by exporters, if they have to ship this quantity by December 15, as stipulated in the export contract registration and 4.5 million bales will be consumed in the country in two months, as per the current trend.

"Thus, as of early December, we may have just around 500,000 bales, as against the 5.5-6.0 million bales of stock required to ensure proper availability of cotton all over the country, which obviously is a precarious condition”.

“The largest importers of Indian cotton are China, Bangladesh, Pakistan and Indonesia, in that order and as per my understanding, out of 5.5 million bales meant for export, around 4.8 million bales are meant for these countries and they are the most tough competitors for our textile products in the global markets and the impact of these shipments on the textile and clothing industry would be extremely serious, to say the least”, he concluded by saying.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Sep 2017

Maharashtra govt plans 9 textile parks for value-addition

Maharashtra plans to set up nine textile parks in the northern...

Textiles | On 19th Sep 2017

New Delhi urged to include textiles in MERCOSUR PTA talks

The Indian Texpreneurs Federation (ITF) has appealed to the commerce...

Textiles | On 19th Sep 2017

HSBC report says India to be 3rd largest economy by 2028

India is expected to surpass Germany and Japan to become the third...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kerem Durdag
Biovation II LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

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

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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