Cotton exports likely to jump 43% in 2018-19 : Cotton Association of India

  • 15-Jun-2018
  • Cotton exports likely to jump 43% in 2018-19 : Cotton Association of India

India's cotton exports are expected to jump 43 per cent to 10 million bales (of 170 kg each) in the 2018-19 marketing year on strong overseas demand, especially from China, according to industry body CIA.

Overall cotton shipments are likely to cross 7 million bales in the ongoing 2017-18 marketing year (October-September). Already 6.2 million bales have been exported till May 2018, it said.

"The demand for Indian cotton is high as prices are almost 10 per cent lower than the international prices," Cotton Association of India (CAI) President Atul Ganatra said recently. 

Indian cotton is quoted at Rs 46,500 per bale in the spot market, much lower than Rs 54,000 per bale in the US and Rs 58,000 per bale in Australia, he said.

Therefore, China - the world's second largest producer - has signed an advance contract for 5 lakh bales of new cotton crop from India for delivery in November-December of the 2018-19 marketing year.

Ganatra said total cotton exports to China could increase to 30-40 lakh bales in the next marketing year from 10 lakh bales this year as the crop in the neighbouring Country is pegged lower and its buffer stock was also getting exhausted.

Out of India's total cotton shipment of 6.2 million bales undertaken till May of this marketing year, 20 lakh bales have been exported to Bangladesh; 10 lakh bales to China; 12-13 lakh bales to Vietnam; 11-12 lakh bales to Pakistan; 7-8 lakh bales to Indonesia and rest to Sri Lanka and others, CIA said.


Source:- Dailyshippingtimes.com

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2024 www.seair.co.in. All Rights Reserved.