>>
Home / Knowledge / News / Textiles / Cotton imports may shoot up by 60%

Cotton imports may shoot up by 60%

26
May '09
Thanks to the increase of nearly 25-40 percent in the Minimum Support Price (MSP) of cotton, implemented by the government of India, the country could end up importing a higher number of bales in the current cotton season.

International cotton prices are quoting at a discount ever since the government owned agency Cotton Corporation of India (CCI) started its procurement, forcing eligible importers to import cotton which is available at a lower rate.

Fibre2fashion spoke to Mr DK Nair, Secretary General of the Confederation of Indian Textile Industry (CITI) was very forthcoming when he said, “About 500,000 bales (1 bale = 170 kg) of cotton has arrived in the country so far and another 500,000 bales may be imported in the remaining part of the current cotton year, since ours is the costliest cotton in the world today and mills are looking for cheaper options abroad”.

He added by saying, “An unprecedented increase in imports may lead to decline in prices for the new crop and if this happens, it would be the result of reckless government intervention in the cotton economy during this year. The Government needs to separate populism from policy and to recognise the interdependence of cotton farmers and textile mills”.

Mr KF Jhunjhunwala, Chairman of Cotton Textiles and Allied Products Research Foundation, and Past President of Cotton Association of India, said, “This year import of cotton till September will touch 800,000 bales out of which 500,000 will be extra long fibres and 300,000 bales would be medium and small staple fiber”.

“Every year we import approximately 600,000 bales of cotton so this year it will exceed by only 200,000 bales which is not a matter of concern, though it is tough to predict about the future because it depends on the behaviour of the weather and if it rains well situation will be good”.

Fibre2fashion News Desk - India


Must ReadView All

Pic: cf.kizlarsoruyor.com

Apparel/Garments | On 6th Dec 2021

All Turkish goods to be labelled ‘Made in Turkiye’

All goods produced in Turkey, including clothing for exports, will be ...

Pic: Jaroslaw Baczewski | Dreamstime.com

Textiles | On 6th Dec 2021

Global cargo demand up by 9.4% in Oct 2021 over Oct 2019: IATA

Global demand was up by 9.4 per cent in October 2021 compared to the...

Pic: Phanthit Malisuwan | Dreamstime.com

Textiles | On 6th Dec 2021

NCTO offers key policy recommendations to support US industry

In a written testimony before the US House Ways and Means Trade...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

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 2021

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


Advanced Search