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Export check vital to bridge production-consumption gap
27
Jan '11
Southern India Mills Association (SIMA) recently stated that, the country's overall cotton production for 2010-11 season is expected to touch 30.9 million bales and the total consumption is estimated at 28.5 million bales. Thus, if any further export of the commodity is allowed it would adversely impact the whole textile value chain.

SIMA Chairman, J Thulasidharan claimed that, the Cotton Advisory Board (CAB) in its meeting held on January 6 has presented an exaggerated picture of the production figures and has understated the actual consumption.

Quite contradicting to the CAB estimates, the Northern regions' production is likely to fall short of the CAB estimates by four million bales, while that of Gujarat's by 10 million bales, and that of Maharashtra by some 1.2 million bales as against the CAB's estimates of 9.2 million bales, he stated.

He claimed that, according to the recent statistics laid down by the South India Cotton Association and SIMA members, the overall crop production would rest somewhere around 30.9 million bales. While with regards to consumption he said that, the Textile Commissioner's office has estimated the same to be around 27.5 million bales, but actually it is only the non-mill consumption which is expected to cross 28.5 million bales, owing to capacity addition by some of the spinning units and also due to non-submission of figures by some of the units.

In view of the above statistics, Thulasidharan stated that, if any further exports are allowed it would prove detrimental to the entire textile value chain. In view of the present production-consumption status too, the mills are likely to face dearth of cotton since July this year, which may considerably hike the commodity prices, ultimately leading the common man to suffer.

He has thus appealed the Textile Ministry to involve the Commerce and Agriculture Ministries in the matter and limit cotton exports at 5.5 million bales. He further added that, the quantum of permitted cotton export has already surpassed the quantity permitted by the Group of Ministries by two lakh bales.

Fibre2fashion News Desk - India

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