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

Pic: UNCTAD

Textiles | On 22nd Oct 2020

Trade rebounds marginally in Q3, stays negative: UNCTAD

The United Nations Conference on Trade and Trade and Development...

Pic: Shutterstock

Apparel/Garments | On 22nd Oct 2020

APAC garment units suffer as COVID hits supply chain: ILO

The COVID-19 crisis has badly hit the garment sector in the...

Pic: Shutterstock

Textiles | On 22nd Oct 2020

RCEP pact likely to be signed at 4th RCEP Summit in Nov

The Regional Comprehensive Economic Partnership (RCEP) is likely to...

Interviews View All

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

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

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro 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


October 2020

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


Advanced Search