Home / Knowledge / News / Textiles / India's cotton exports rise due to surge in Chinese demand
India's cotton exports rise due to surge in Chinese demand
12
Apr '18
India’s cotton exports may touch 7 million bales this marketing year, a rise of 27 per cent over the earlier estimate due to a surge in demand, mainly from China, as Indian cotton is selling at discount, says the Cotton Association of India (CAI). Inquiries started pouring in from the day the news of US taxes on China came, said CAI president Atul Ganatra.

The cotton marketing year started on October 1 last year. Ganatra said the earlier target was to export 55 lakh bales of cotton, but India had already exported that much till March end.

In the last few days, traders have exported more than 1.5 lakh bales of cotton to China, according to Indian media reports. Traders said there is demand for all qualities of cotton with Indian cotton selling at discounts of 7-10 cents per pound.

China has almost exhausted its cotton inventory and will be in the market to import the fibre. India has a good chance, especially with the new duty on imports from the United States, said Ganatra.

Experts say India is expected to replace Australia as the second largest exporter of cotton after China by the end of the 2017-18 cotton season.

Among other major exporters, US cotton is sold out along with concerns about its production as Texas zone is facing drought like conditions. Pakistan is now buying cotton.

Exporters believe if the increase in the minimum support price (MSP) to be announced by the Indian Government for 2018-19 is substantial, it could adversely affect exports. Ganatra, however, feels MSP increase will not affect trade in any way. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 14th Nov 2018

Vietnam ratifies trans-Pacific trade pact CPTPP

Vietnam’s 14th National Assembly recently adopted a resolution...

Courtesy: Pexels

Textiles | On 14th Nov 2018

India's WPI inflation for apparel up 0.7% in October

India’s annual rate of inflation, based on monthly wholesale price...

Courtesy: EU Chamber of Commerce

Textiles | On 14th Nov 2018

PRC promises unrealised: EU Chamber of Commerce in China

The European Union (EU) Chamber of Commerce in China has said the...

Interviews View All

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Rahuul Jashnani, Jashn

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search