Cotton Textile Exports

The Cotton Association of India (CAI) on Saturday estimated cotton exports to rise about 27 per cent to 28 lakh bales during 2023-24 crop year ending September. In 2022-23 crop season (October-September), cotton exports were at 22 lakh bales, CAI said. One bale is equal to 170 kilogram. "The demand for Indian cotton went up as the prices ruled 8-10 per cent lower than the international prices during December 2023 till March 2024. Our cotton is mainly exported to countries like Bangladesh, China and Vietnam," CAI President Atul Ganatra told PTI. Meanwhile, CAI pegged the cotton production for 2023-24 at 309.70 lakh bales, same as estimated in the previous month. The production is however expected to be lower than the previous season's 318.90 lakh bales. The total cotton supply till end of April 2024 is estimated at 315.86 lakh bales, which consists of pressing at 281.96 lakh bales, import of 5 lakh bales and the opening stock of 28.90 lakh bales. The estimated cotton consumption ti

Consolidated revenue from operations in FY24 stood at Rs 7,737.75 crore as against Rs 8,382.48 crore in FY23

Since 2002, no new Bt technology has been introduced in India for cotton, which has also spawned a big market for illegally devel­oped Bt that is causing more harm to farmers

A pilot project involving 15,000 farmers across eight major cotton growing states has been launched to deploy agronomy practices for improving the cotton crop yields, a top official said on Wednesday. The Indian Council of Agricultural Research is expected to conduct an evaluation of these practices in January, a Textiles Ministry official said. "We are working very closely with Agriculture Ministry and other stakeholders on increasing the cotton productivity and a pilot project has also just been launched in which almost 15,000 farmers are involved across at least eight major cotton growing states," Textiles Secretary Rachna Shah said. "... we are using best agronomy practices, the high density planting system which will help enhance productivity and other local innovations," the Secretary told reporters.

The signing of free trade agreements (FTAs) with multiple countries, and stability in export incentive policy presents an opportunity for Indian exporters to gain global market share.

The industry says a slowdown in exports of cotton yarn due to weakening global demand has tied their hands

The minister's comments were in response to a question of poor quality silk coming into the country from China

Apart from base effect, credit to industry got a big boost from MSMEs; among sectors, petroleum, gems & jewellery, engineering, iron & steel, and construction were key drivers

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The unabated surge in prices of cotton and cotton yarn may affect the country's apparel exports target of USD 19-20 billion during the current fiscal, AEPC chairman Narendra Goenka said on Thursday. He said that the prices have jumped by about 125-130 per cent during the last 18 months and one of the reasons for that would be "unchecked" exports of cotton and cotton yarn. He suggested the government to impose a temporary ban on exports of cotton and cotton yarn like Indonesia has done for its palm oil. "In 2021-22, the exports were USD 16 billion and we are targeting USD 19-20 billion this fiscal. But because of the price rise, it looks to be a concern on achieving the target. The industry is facing a big challenge at the raw material front," Goenka said. He added that if the price rise does not stop, global customers would start looking at sourcing options other than India. "About 60-70 per cent of cotton and cotton yarn are going to our competitor countries like Bangladesh and .

The Cotton Textiles Export Promotion Council (TEXPROCIL) on Monday said shortage of containers is making it difficult for exporters to complete scheduled shipments despite sharp rise in export orders.

Kotak Commodity Services will look for new buyers of cotton in countries such as Bangladesh, Indonesia, Taiwan and Vietnam to make up for any possible shortfall in sales to China

India's cotton textile exports grew by 26 per cent at USD 6,235 million in the first six months ended September 2018 and the on-going trade war between US and China will open up new export opportunities, the Cotton Textiles Export Promotion Council (Texprocil) said here. The country had exported cotton textiles (raw cotton, yarn, fabrics and made-ups) worth USD 4,917 million in April-September 2017-18, the association said in a statement. However, exports of textiles and clothing declined by 3 per cent with exports of readymade garments registering a steep decline of 16 per cent during H1FY19. India held a special place in global textile trade as the second largest textile exporter in the world. Today, cotton yarn & fabric exports account for over 23 per cent of India's total textiles and apparel exports. Ujwal Lahoti, chairman of Texprocil, stated that the ongoing trade war between the US and China would possibly open up new opportunities for cotton textile exports ..