1. Home >
  2. Export Import News >
  3. Export News >
  4. India's cotton output set to rise, exports to remain steady: Trade body >
  5. India's cotton output set to rise, exports to remain steady: Trade body

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

India's cotton output set to rise, exports to remain steady: Trade body.

Date: 09-11-2019
Subject: India's cotton output set to rise, exports to remain steady: Trade body
India's cotton production in 2019/20 is likely to jump 13.6 percent due to a bigger cultivated area and a boost to yields from above-average monsoon rains, a leading trade body forecast on Friday.

Exports from the world's biggest cotton producer, however, are likely to remain steady at last year's level of 4.2 million bales, the lowest in a decade, as prices in the local market are trading above the global benchmark , the Cotton Association of India (CAI) said.

If India's exports stay at a decade low that could support global prices and help rivals such as the United States and Brazil increase cargoes to key Asian buyers such as Vietnam, Bangladesh and Pakistan.

"We are expecting production growth based on higher acreage and better yields due to good rainfall this year," Atul Ganatra, president of the CAI told Reuters.

The production estimate of 35.5 million bales for the 2019/20 season starting from Oct. 1 could be revised next month as the cotton growing western states of Gujarat and Maharashtra have been seeing rainfall, he said.

India saw its highest monsoon rainfall in 25 years during the June-September season and rains even continued in October and November.

The recent spell of rainfall could damage cotton bolls that are ready for the plucking, said Pradeep Jain, a cotton ginner based at Jalgaon in Maharashtra state.

India's cotton consumption in 2019/20 could edge higher to 31.5 million bales from 31.2 million bales a year ago, the CAI said.

Cotton supplies from the new season have started, but traders have been struggling to sign export contracts as local prices stay above global prices, said Arun Sekhsaria, managing director of exporter D.D. Cotton.

"Indian cotton is nearly 4 cents (per lb) more expensive compared to supplies from other countries," Sekhsaria said.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 25-08-2020

Date: 12-07-2020
Instruction No. 12/2020-Customs
Requirement of AGMARK certification prior to import of Blended edible vegetable oils-reg.

Date: 10-07-2020
Notification No. 30/2020 - Customs
Seeks to amend notification No. 09/2012-Customs dated 09.03.2012, providing for extension of last date of re-import by three months, for those cases where the last date of such re-import falls between 01.2.2020 and 31.7.2020 due to the outbreak of COVID-19 pandemic.

Date: 10-07-2020
Instruction No. 11/2020-Customs
Requirement of Veterinary Certificate for Import of Milk and Milk Products into India-reg

Date: 09-07-2020
Notification No. 18/2020-Customs (ADD)
Seeks to extend anti-dumping duty on import of Phenol originating in or exported from South Africa, imposed vide Notification No. 32/2015-Customs(ADD) dated 10.07.2015, up to and inclusive of 9th January, 2021.

Date: 08-07-2020
Notification No. 17/2020-Customs (ADD)
Seeks to levy definitive anti-dumping duty on imports of ' Steel and Fibre Glass Measuring tapes and their parts and components ',originating in, or exported from, People's Republic of China for a period of five years, in pursuance of final findings of sunset review investigations issued by DGTR

Date: 06-07-2020
Notification No. 29/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, to increase the rate of duty of customs on imports of Phthalic Anhydride originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Korea Comprehensive Economic Partnership Agreement (Bilateral Safeguard Measures) Rules, 2017.

Date: 06-07-2020
Circular No.32/2020-Customs
Circular No.32/2020-Customs dt 6th July 2020 on Turant Customs – Turant Suvidha Kendra and Other Initiatives for Contactless Customs - reg.

Date: 02-07-2020
Notification No. 55/2020 - Customs (N.T.)
Exchange Rates Notification No.55/2020-Custom (NT) dated 02.07.2020.

Date: 01-07-2020
Notification No. 58/2020 – Central Tax
Seeks to make eighth amendment (2020) to CGST Rules

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001