Home / Knowledge / News / Textiles / Glut, sluggish demand trip cotton exports
Glut, sluggish demand trip cotton exports
22
Apr '15
Hit by sluggish Chinese demand, India’s cotton export is expected to fall 29 per cent to 7 million bales in the current crop year that ends in September. India has so far exported only 4.5 million bales of cotton this year, media reports quoted a Cotton Council of India official as saying. In the last crop year (October-September) India exported 9.9 million bales.

One bale contains 170 kg of cotton. Exports have slowed down due to higher world stockpiles and sharp decline in demand from China.

The International Cotton Advisory Committee, in a recent report has said that the record volume of cotton stocks has put downward pressure on international cotton prices.

The CCI which procures cotton at the government’s minimum support price from farmers, has procured 8.69 million bales of cotton at the support price as against the target of 9 million bales in the current crop year.

The Cotton Advisory Board (CAB) has forecast a production of 40 million bales of cotton in the current crop year against 39.8 million bales 2013-14.

While cotton exports are falling, domestic cotton mills are facing a severe shortage of raw cotton and have repeatedly urged the CCI to sell its stockpile in the domestic market through e-auctions. (SH)

Fibre2fashion News Desk - India


Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

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

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy,

Erik Sy

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

Eamonn Tighe, Nature Works LLC

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

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

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


September 2018

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

news category


Related Categories:

Advanced Search