Home / Knowledge / News / Textiles / India retains cotton export ceiling at 5.5 million bales
India retains cotton export ceiling at 5.5 million bales
14
Feb '11
India's cotton export for this season (October 2010-September 2011) will remain at 5.5 million bales (170 kg each).

The committee of secretaries involving the ministries of textiles and commerce decided last week Thursday that the ceiling of raw cotton exports will remain at 5.5 million bales. The ministry of commerce has given until February 25th to fulfill the export obligations to exporters based on the allotments made earlier by the Director General of Foreign Trade, India.

Speaking to this scribe on the sidelines of the 66th Annual Conference of the Textile Association (India) in Bangalore, India on January 28th, Mrs. Panabaaka Lakshmi, Union Minister of State for Textiles, India expressed that her ministry will insist on the ceiling limit of 5.5 million bales. However, the minister indicated that the ministers of agriculture and commerce may want more exports to promote the interests of farmers and exporters.

Spot price of Sankar-6 (28-29 mm staple) in Gujarat recently was Rupees 58,000-58,400 per candy (356 kg). Reports are that producers are holding the stock due to surge in domestic requirement and increase in international price. Price of Sankar-6 rose last week as high as Rupees 60,000 per candy.

The status as of today is India will stick to its export ceiling of 5.5 million bales for this season (2010-11).

Seshadri Ramkumar


Must ReadView All

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Textiles | On 29th Jun 2017

Vietnam’s textile & garment exports cross $10bn till May

Vietnam earned $10... billion from textile and garment exports in the ...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

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...

Kevin Nelson
TissueGen

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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



X