Home / Knowledge / News / Textiles / India's 2018-19 forward cotton export contract up by 100%

India's 2018-19 forward cotton export contract up by 100%

Sep '18
Rise in demand from China, lower domestic prices and depreciation of the rupee has led to India’s forward export contracts of cotton more than doubling from about 700,000 bales in September 2017. Despite expected projections of tight supplies and increase in minimum support price (MSP) by the government, traders are hopeful exports will rise this fiscal.

Concerns like pest attacks in Maharashtra and Telangana, uncertainty over yield due to late sowing in Gujarat, a 2 per cent decline in area sown under kharif crops and increasing domestic consumption of cotton may limit exports. Traders, however, foresee strong factors supporting exports.

Out of the export contracts worth 14-16 lakh bales (of 170 kg each) signed by members of the Cotton Association of India (CAI), about three-fourths are for export to China, according to CAI president Atul Ganatra.

The 25 per cent duty imposed by China on US cotton imports will make Indian cotton more affordable to Chinese buyers, a report in a top Indian business daily quoted Ganatra as saying.

India could not sign as many forward contracts in 2017-18 due to restricted availability of cotton. Indian traders are upbeat this year because domestic cotton is the cheapest in the global market and demand from China is up.

Ganatra expects total exports to China to increase to 30-40 lakh bales this fiscal, up more than threefold from eight-nine lakh bales last fiscal.

Bangladesh and Vietnam are the other buyers that have signed some forward contracts for Indian cotton. Indian traders export maximum quantities of cotton in November and December as India is the only country where cotton is available at that time. (DS)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: UBC

Apparel/Garments | On 25th May 2020

Canadian researchers develop biodegradable medical mask

Researchers in the BioProducts Institute at the University of British ...

Pic: Shutterstock

Apparel/Garments | On 25th May 2020

Sri Lanka’s BOI to set up garment park in Eravur

Sri Lanka’s Board of Investment (BOI) will set up a garment park in...

Pic: Shutterstock

Retail | On 25th May 2020

Reitmans seeks bankruptcy protection in Canada

Reitmans (Canada) Ltd. recently filed for bankruptcy protection after ...

Interviews View All

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Robert Brunner, Devereux

Robert Brunner

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


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

May 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search