Home / Knowledge / News / Textiles / Cotton importers book 1mn bales from Gujarat

Cotton importers book 1mn bales from Gujarat

16
Sep '09
Foreign buyers of cotton who kept away from Indian shores in the previous cotton season, due to the high prices resulting from an increase in Minimum Support Prices (MSP) are once again lining up in Gujarat, the biggest cotton producing state.

According to Mr Arun Dalal, a cotton trader of repute from Ahmedabad, Gujarat, who spoke to Fibre2fashion, said, “Yes up till now almost 1 million cotton bales (1 bale=175 kg) have been booked only from Gujarat state alone”.

“This year we expect 7.5 million bales to be exported from India and the corresponding figure for 2008-2009 cotton year was only 3.5 million bales, while in year 2007-2008 cotton export stood at an awesome 8.9 million bales”, he added by saying.

The main reason in rise in demand for Indian cotton according to Mr Dalal is that, most of the cotton importing countries have cleared off their inventories and with recessionary trends blowing away, India exporters are getting more and more orders from China and Europe.

One other reason forwarded by Mr Dalal is that, China is cultivating less cotton, which is expected to reduce cotton output drastically in that country and to meet its demands; China will have to import more cotton in the current year.

He concluded by saying that Gujarat was the only state in the country which trades in cotton futures, which was one more good reason for buyers to line up on shores of Gujarat to book their future cotton requirements.

Today, in Ahmedabad market, prices of Shankar-6 of 29 mm is ruling at Rs 22,500-22,700 per bale, 28 mm is quoting at Rs 21,800-22,2200 per bale and that of 27 mm is standing at Rs 21,300-21,600 per bale.

Fibre2fashion News Desk - India


Must ReadView All

Prime Minister Sheikh Hasina. Bayazid Akter | Dreamstime.com

Textiles | On 1st Dec 2021

PM Hasina urges global investors to invest in Bangladesh

Prime Minister Sheikh Hasina recently urged investors from across the ...

Pic: EuroCham

Textiles | On 1st Dec 2021

EU asks Vietnam to improve policies for effective EVFTA implementation

Up to 35 per cent of European business leaders see administrative...

Marta Ortega at the general meeting of shareholders of Inditex on July 16, 2019. Pic: Iago Lopez | Dreamstime.com

Retail | On 30th Nov 2021

Inditex appoints Marta Ortega as chairwoman, Oscar Garcia as CEO

The Board of Directors of Spanish clothing company Inditex has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Vikash & Vishal Pacheriwal,

Vikash & Vishal Pacheriwal

Launched in 2018, Raisin is a contemporary fusion fashion brand that aims...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

 Natacha Defeche, Edana

Natacha Defeche
Edana

Since 1971, EDANA, the International association serving the nonwovens and ...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

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

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