;
Home / Knowledge / News / Textiles / Cotton export to Intl market on a rampant rise
Cotton export to Intl market on a rampant rise
04
Apr '08
Lower prices of domestic cotton against the international prices have led to increased rate of exports which stood at about 6 million bales for the period 2007-08.

Although prices of domestic cotton are ruling at Rs22,300-22,600 per bale, these are relatively lower by around Rs2,000 per bale compared to the prices prevalent in America, China and Africa due to decline in world production.

Since demand from the overseas market depicts an unceasing growth, exports from India are likely to further increase to 8.5 million bales by September 2009.

India signed an export commitment of 7.2 million bales of which 6 million bales have already been exported before March 31, 2008. In contrast to the present figures, the total exports stood at about 5.9 million bales in 2006-07.

While commitment for exports to China stood at about 3.8 million bales, supplies to Pakistan have been inked for 1.8 million bales.

The contracted exports to Bangladesh and Far East are posted at 0.7 and 0.9 million bales respectively.

Of the 31.6 million bales estimated for 2007-08, 29.3 million bales have already arrived in the market while the remaining 3.1 million bales stood unsold as on March 31, 2008.

Gujarat known to be the largest cotton producing state of India exported around 3.9 million bales which will go further up to touch 4.5 million bales in the upcoming months.

As compared to this in 2006-07, Gujarat exported around 3.4 million bales. Presently, the state's estimated cotton production is nailed at 11.50 million bales of which 10.10 million bales have already entered the market.

Speaking at a function on 'Growth Accelerators for Gujarat' organized by Confederation of Indian Industries (CII), Mr Ravi Mohan, Head of South Asia, Standard and Poors (S&P) stated, “Globally prices of cotton are ruling higher and the demand for cotton grown in India is buoyant in the overseas markets. This will keep the prices of cotton in the domestic market at a higher level”.


Must ReadView All

Courtesy: Lululemon

Apparel/Garments | On 16th Dec 2018

Lululemon’s net revenue up 21% in Q3 2018

Lululemon Athletica Inc, a healthy lifestyle inspired athletic...

Courtesy: Walmart

Apparel/Garments | On 16th Dec 2018

Rakuten, Walmart start Walmart ecommerce store in Japan

Rakuten and Walmart have joined hands to start the first Walmart...

Courtesy: H&M

Apparel/Garments | On 16th Dec 2018

H&M Group's wage summit discusses fair wages

The textile and fashion industries were brought together by H&M Group ...

Interviews View All

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

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

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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


December 2018

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

news category


Related Categories:

Advanced Search