Home / Knowledge / News / Textiles / Biggest cotton exporting country turns to imports

Biggest cotton exporting country turns to imports

27
Jul '12
A country which has exported around 12.5 million cotton bales (1 bale = 170 kg) in the current marketing season, is expected to import around 1.5 million bales by the end of the season in September 2012.

India, the second biggest cotton producer and also the second biggest exporter of cotton after the US, is on an import binge. The country has imported 500,000 bales till date and is expected to exceed import one more million bales by September.

“The main reason is the lower prices of cotton prevailing in overseas destinations like Tanzania, Zambia, Mali, Pakistan, etc. Importers are buying cotton at 75 to 80 US cents (CNF India) compared to around 88 cents in the Indian market”, a top official of the Textile Ministry informed fibre2fashion.

"Secondly cotton crop sowing is down 10 percent from last year in the new season and the rains which have played truant till date could further dampen the prospects. This also has led to Indian textile industry, importing cotton in huge quantities”, he said.  

He added, “The importers – mainly Indian denim makers are buying short and medium staple cotton and they are also availing a credit period of 60 days from the African countries. They have signed contracts for around 125,000 bales in Pakistan too”.

“We had targeted imports of around 500,000 bales in the current season, but the way they have gathered momentum, we would not be surprised if they cross 1.5 million bales by September 2012”, he concluded by saying.  

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 4th Aug 2021

US FTC votes to reverse course on repeal of fabric care labels

The US Federal Trade Commission (FTC) recently voted to retain the...

Pic: UKFT

Textiles | On 4th Aug 2021

UKFT to design & pilot new platform to drive sustainability in fashion

The UK Fashion & Textile Association (UKFT) has started working with...

Pic: Kontoor Brands/Wrangler

Apparel/Garments | On 4th Aug 2021

US’ Kontoor aims for sustainable growth with diversity & inclusivity

Kontoor Brands, an American apparel company with denim brands like...

Interviews View All

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

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

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

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