Indian cotton exports to decline in 2014-15
Sai Nikesh | The Dollar Business Reproving the reports that ‘Indian cotton prices have gone up on hopes of fresh export demand’, Indian Cotton Federation (ICF) opined that cotton situation in 2014-15 season that started in October 2014, in all terms, is most likely to remain the same to what it was in 2013-14 season. Speaking to The Dollar Business, K N Viswanathan, Vice-President, ICF, said, “Going by sowing figures and cropping situation till date, Indian cotton prices in 2014-15 season that is going to last till September 2015, is likely to remain around 35,000-35,500 per candy of 355 kg under Shankar-6 variety benchmark, almost similar to what it was in 2013-14.” On reports over occurrence of fresh export demand for Indian cotton, ...
Indian cotton prices remain too high for recovery in exports: CAI
The Dollar Business Bureau Higher production and lower global demand has led to a decline in cotton prices in India, but Indian cotton remains highly priced in the international market, according to the Cotton Association of India (CAI). Speaking at the Annual General Meeting of the Association, Dhiren N. Sheth, President, CAI, said last week, “Although the prices of Indian cotton have fallen substantially, they are still not competitive enough to attract foreign buyers.” Moreover, an uptick in demand and arrival of better quality crops have led to an increase in prices in the last few weeks. This means that cotton exports are unlikely to recover any time soon this year. Meanwhile, global demand is expected to remain low ...
Another promising year awaits Indias textiles exports
Satyapal Menon | The Dollar Business A craftsman uses a handloom to produce rugs in Jodhpur, India Indian history and tradition is woven around the sheer artistry, and pure genius that goes into the creation of intricate and intrinsic cloth patterns conceived by thousands of weavers across the length and breadth of the country. From the mesmerising valleys of Kashmir to the serene shores of Kanyakumari, and, from the dusty and dry habitats on the Deserts of Rajasthan to the freezing terrain of the Himalayan region, India is linked, and, interlinked by a common thread of omnipresent tradition. Many villages and towns across the country reverberate with the pervasive rhythm of looms weaving out exquisite ensemble of textiles. The textile industry ...
C-4 countries raise concerns over falling cotton prices
Bidhu Bhushan Palo | The Dollar Business The Cotton-4 (C-4), the main four cotton producing countries in Africa, have raised concerns over subsidies and trade policies after the International Cotton Advisory Committee (ICAC) said in its 2014-15 outlook that world cotton trade could shrink significantly this year and probably in years to come. Global cotton exports have seen a decline this year mainly due to policy changes in China, the world’s largest cotton importer. After aggressive purchases in recent years, China has said that it will restrict cotton imports until domestic cotton reserves see a significant decline. China also says that restrictions on textile imports by developed countries have led to lower production in China. According to the ICAC, China ...
Indias cotton exports forecast to decline 35% in MY2014-15
The Dollar Business Bureau | @TheDollarBiz After rising by almost 19% y-o-y in MY2013-14, India’s cotton (raw) exports are expected to decline sharply by almost 35% this year, mainly due to lower demand in China. According to the USDA Post in New Delhi, India’s cotton exports in the marketing year beginning August 2014 are forecast to decline to 1.3 million tonnes (around 6 million 480 lb bales), which is down about 34.8% from an estimated 2 million tonnes (around 9.2 million 480 lb bales) exported in MY2013-14. India is the world’s largest cotton producer (about 6.7 million tonnes) and the second largest exporter of cotton. India’s cotton exports have grown in the last few years, in tandem with growth in China’s imports. ...
India gains USAs share in cotton exports to China
The Dollar Business Bureau | @TheDollarBiz USA’s share in the Chinese cotton import market is the lowest in a decade, while India’s share is the highest in nearly two decades, according to a report by the US Department of Agriculture (USDA). China plays a vital role in the world cotton market. China is not only the world’s largest producer and consumer of cotton, it is also the top importer (accounting for about 34% of global cotton imports) and holds an estimated 60% of global cotton stocks. On the supply side, USA is the top exporter of cotton, exporting around 80% of the 2.8 million tonnes of cotton produced in the country or 25% of global cotton exports. USA ...
