Home / Knowledge / News / Textiles / India decides to cap cotton exports at 5.5 mn bales
India decides to cap cotton exports at 5.5 mn bales
11
Feb '11
Finally, the Indian government has decided not to allow cotton exports above the cap of 5.5 million bales (1 bale = 170 kg) imposed in October 2010. This was decided at a meeting held yesterday between government officials to discuss increasing or maintaining the status quo.

India is the world's second largest cotton exporter and its decision to cap exports to 5.5 million bales has had an impact on global cotton prices which have more than doubled when compared with the same time of the previous year.

Area under cotton acreage has shot up by 8 percent year on year in the current cotton season to 10.5 million hectares and official estimates put the 2010-11 cotton crops at 32.5 million bales against 29.5 million bales in the last season.

In international market, NY cotton March futures closed at 185 cents per pound and May Futures at 181 cents per pound. The Indian prices of Shankar - 6 raw cotton variety too have shot up to Rs 60,000 per candy (1 candy = 356 kg), yesterday, from just Rs 50,000 per candy on February 1.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

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

Kevin Nelson
TissueGen

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

Prathyusha Garimella
Prathyusha Garimella

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

Mike Hoffman
Gildan Activewear SRL

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X