Home / Knowledge / News / Textiles / India's cotton exports to be below 2011-12 estimates

India's cotton exports to be below 2011-12 estimates

10
Jul '12
Despite producing a record output, India’s cotton exports for the current season are likely to end up below the earlier estimates of 14 million bales of 170 kg each, the US Department of Agriculture (USDA) has said.
 
India produced a record 35.2 million bales of cotton during the 2011-12 crop year. 
 
In May 2012, USDA estimated that India’s cotton exports for the 2011-12 marketing year to be around 14 million bales, but now when the marketing year is about to end, exports are not seen rising beyond 12.87 million bales, a USDA report said.
 
In spite of lifting of the ban on cotton exports since April 30, 2012, poor global demand, stringent export registration policy and firm prices have jointly held back cotton exports from the country, it added.
 
On May 4 and May 8, 2012, India introduced a new policy for registration of cotton export contracts. As per the new norm, the export quantity under each registration certificate has been capped at 10,000 bales for established exporters and at 1,500 bales for those who are exporting for the first time.
 
The USDA report states that the new procedure is the most restrictive policy implemented by the Government of India for cotton exports since 2010.
 
Indian cotton exports during the months of August and September are likely to remain low, owing to weak global demand for cotton and the stringent export registration norms, the report said.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Retail | On 29th Jul 2021

UK department store Selfridges put up for sale for £4 bn

Canada's Weston family that owns Selfridges has put up the UK...

Pic: Shutterstock

Fashion | On 29th Jul 2021

Australians value ethical fashion but struggle to take action: Report

Australian consumers feel ethical purchasing is important, but are...

Pic: Shutterstock

Textiles | On 28th Jul 2021

Global economy projected to grow at 6% in 2021, 4.9% in 2022: IMF

The IMF recently projected the global economy to grow at 6 per cent...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Emmi Berlin,

Emmi Berlin

With the support of the first investors - Finland's Technical Research...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees 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


July 2021

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


Advanced Search