Home / Knowledge / News / Textiles / Unavailability of Indian cotton adds to woes of our textiles: President, BCA
Unavailability of Indian cotton adds to woes of our textiles: President, BCA
21
Dec '10
Industry's white gold 'cotton' has been talk of the town longly. One after other related trade policies and prices issues make-up current cotton market milieu. The story goes same for cotton sector in Bangladesh too. With a goal to bring out to date picture in the sector, News team at Fibre2fashion met up with Mr Muhammad Ayub, President for Bangladesh Cotton Association (BCA).

Exchanging greetings with the gentleman, we set up for the colloquy further, and requested to update us on movements in world cotton market. The veteran said, “Cotton season for year 2009-10, as we all know, per se, has been full of upheavals. The season has marked a shortfall of about three million metric tones of cotton around the world. Considering world cotton production and consumption, before 2009-10 season ending stocks were somewhere around 12-13 million metric tones, and the world consumed three million metric tones more than what it produced. To add to this, the episodes of the Indian Cotton Ban policy, Pakistan floods compounded with Chinese bad crop, has triggered the market in an unprecedented upward move and recorded all time high prices in the history, I have ever seen.”

Our next obvious question was how Bangladeshi cotton market has been making the headway in the wake of such situation world over. He specified that as a non-cotton growing country this did not bode to be good news for Bangladesh as its textiles sector depends highly on imported cotton.

We headed for another point of interest for our valued visitors (who are always on our mind), and inquired about the cotton export/import facts. The president described, “So far the import of cotton to the Bangladesh market is shared by five dominant countries, namely Uzbekistan, India, USA, Pakistan and Australia. Until 2008 Uzbekistan had maintained a dominant market share. Since then, the market has been getting more competitive, and every economy tried to consolidate its position in our cotton market. If we look back in 2005-06 season, Uzbekistan's share was 65% and Indian share was 10-12%. It is interesting to note that Uzbekistan started losing its share to India in 2009-10. As of August 2010, Uzbekistan barely managed its 41% share, where as, India maintained a commanding share of 29%. If there were no bans on cotton export in last April, India`s share may have exceeded Uzbekistan`s share.” –he went little comparative.

This invoked another query from us, if recent prohibition of cotton yarn exports from India also impacted the business there. Mr Ayub clarified that Bangladesh is more concerned about the Indian raw cotton than yarn. “There is no denial of the fact that unavailability of Indian cotton yarn has pushed our spinners in a very bad situation as their contracted quantities were not shipped by the Indian shippers. In some cases Letters of Credit were opened against the contracted quantities which were delayed. Apart from the export oriented spinners local yarn suppliers are using Indian growth,” he however agreed.


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Silke Brand-Kirsch
Schlegel und Partner

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

Kevin Nelson
TissueGen

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

Giorgio Mantovani
Corman S.p.A

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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