Home / Knowledge / News / Textiles / India to have net cotton surplus for 2010-11 season
India to have net cotton surplus for 2010-11 season
17
Nov '10
The Cotton Association of India (CAI) on November 16th released its estimates for cotton output in India for the season 2010-11. The estimates are based on the latest data from CAI as of 31st October, 2010. The Indian crop for the 2010-11 seasons is estimated to be 35.7 million bales (170 kg/bale). The total cotton supply will be 41.85 million bales with an import estimated at 650,000 bales. The total consumption including mill, non-mill and small-scale units is projected to be 26.6 million bales, leaving a surplus of 15.25 million bales which is higher than the surplus from 2009-10 which is projected at 13.6 million bales.

The crop from the Central Zone in India, which includes the States of Gujarat, Maharashtra and Madhya Pradesh is estimated to be 21.6 million bales (170 kg/bale) which will be higher than the previous year's production of 18.2 million bales from this zone. Gujarat, which is the leading cotton producing state is expected to produce 12 million bales of cotton.

Mr. Dhiren Sheth, President of the CAI in his press note stated ““the cotton crop looks promising for this year. Though arrivals started late, they have now caught up with the figures of last year and in fact have overtaken the level on the same date last year”. In commenting on the price of cotton in India, he expressed “Indian cotton prices continue to remain lowest in the world”.

The cotton crop estimate has always been a bone of contention between the cotton traders and the Indian spinning industry. In an earlier discussion with this reporter, a representative of a spinning industry trade body emphasized that the Indian textile industry will need 27.5 million bales of cotton and 4 million bales of cotton can be exported. The Government of India's Cotton Advisory Board as of August 2010 has estimated the production for 2010-11 to be 32.548 million bales (170 kg/bale).

Mr. Nayan Mirani of Khimji Visram and Sons, Mumbai who is also the Vice President of Cotton Association of India talked to Seshadri Ramkumar from Mumbai, India on November 13th and stated that the cotton arrivals so far is better than what it was during the same time last year. In addition, Mr. Mirani said that the exports have commenced as of November 1st, although the exact amount exported as of today is difficult to estimate. However, he said a maximum amount of 250,000 bales would be declined by the Government of India for export from the maximum allowable limit of 5.5 million bales.

Seshadri Ramkumar, Texas Tech University

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Sonam & Paras Modi
SVA

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X