Home / Knowledge / News / Textiles / India may witness higher carry forward cotton stocks
India may witness higher carry forward cotton stocks
04
Jun '11
The current slowdown in demand for the white gold and if the government does not permit additional exports, could mean, higher carry forward stocks in the current cotton season.

In its February estimate, the Cotton Advisory Board (CAB) had estimated a carry forward stock of four million bales (1 bale = 170 kg), against 3.5 million bales in the previous season.

However, the slowdown in demand in the last two fortnights could mean even higher cotton stocks.

A top Cotton Corporation of India (CCI) official confirmed the fact about higher carry forward stocks in the current season, putting forth, the subdue in demand and reduction in consumption by mills, as the main reasons.

He however could not put a finger on the implications of the same on the market. He said, “It is very difficult to predict. Right now, due to slow movement in yarn market, mills are not purchasing cotton, which is also the reason for dip in cotton prices”.

He added, “Going by the over all figures of production and consumption, there should be sufficient cotton for domestic use as well as for exports”.

Speaking about the upcoming season, he informed, “Looking at the condition right now, we do not expect any firmness in the market for a couple of months ahead except, if some quota is announced for export of raw cotton or related to yarn export”.

“Then and then only, can a firmness be visible in the market. However, this is again a prediction”, he wrapped up by saying.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

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...

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...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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