Home / Knowledge / News / Textiles / Indian spinning industry body estimates lower cotton production
Indian spinning industry body estimates lower cotton production
27
Jan '11
Coimbatore, India based The Southern India Mills' Association (SIMA) with over 400 members has recently estimated that the 2010-11 season crop will be less by 2 million bales (170 kg each). According to the recent estimate by SIMA, India's cotton crop will be 30.9 million bales which is 2 million less than the recent estimate by the Cotton Advisory Board (CAB) of India.

The Cotton Advisory Board on January 6th estimated the cotton production for the 2010-11 season to be 32.9 million bales (170 kg each) and the total domestic consumption to be 27.5 million bales.

Mr. J. Thulasidharan, Chairman of SIMA in a recent press statement mentioned that with the current cotton production scenario, Indian mills will face supply shortfall from this July, which will lead sharp increase in yarn prices. He has requested the Ministry of Textiles to take up the cotton export matter with the Ministries of Commerce and Agriculture. SIMA wants the cotton export ceiling to remain 5.5 million bales (170 kg each).

Most recently, the Textile Minister of India, Mr. Dayanidhi Maran, while laying the foundation stone for a mega weaving complex in the Southern State of Tamilnadu has emphasized that the cotton export limit should be maintained at 5.5 million bales, which should bring down the cotton prices in the domestic market.

In speaking to this scribe on Tuesday, January 25th in Mumbai, India, Textile Commissioner, Mr. Anil B. Joshi said that the revision of cotton export limit can only be decided by Group of Ministers which involves concerned ministries of Agriculture, Commerce and Textiles. There is no word as to when this group will meet to take up the cotton export situation and so the export limit stands at 5.5 million bales.

Seshadri Ramkumar


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

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

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:
July 2017

July 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