India’s cotton exports to China plunge 56.7% in 2014-15
... -
July 23, 2015 NEW DELHI: Cotton prices in the domestic market are subdued due to 56.72 per cent fall in India's exports to China in 2014-15, Parliament was informed today. "Export of cotton from India to China declined by 56.72 per cent from 61 lakh bales in 2013-14 to 26 lakh bales in 2014-15.
"As a result, there had been sluggishness in the domestic prices as compared to last year," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha. She said cotton policy adopted by China is the major reason for less imports.
China's stock levels have reached over 8,000 million kg and due to this they are importing less, she said, adding "reduction in import quota granted to actual users of cotton thereby discouraged direct import by spinners and encouraged them to buy more of domestic cotton and also from government agencies holding stock".India is protecting farmers by providing minimum support price.
"India is also looking for export of cotton to the various other cotton deficient countries," she added.
Replying to a separate question on overall exports, she said fall in global demand, decline in commodity prices and dip in oil prices are impacting India's trade.
Contracting for the seventh month in a row, India's exports in June dipped by 15.82 per cent to USD 22.28 billion.
Most viewed
- India’s cotton panel CCPC estimates higher crop, export and consumption
- महाराष्ट्र की इस मंडी में 8300 रुपये क्विंटल हुआ कॉटन का दाम, क्या कह रहे हैं किसान
- Picking underway for Australian cotton with above average crops expected: Cotton Australia
- Godrej Agrovet’s crop protection biz unit launches pilot to reach out to cotton growers
- स्पिनिंग मिलों की मांग बनी रहने के कारण नरमा कपास में आई तेजी
- Cotton Dropped On Profit Booking After Prices rose As US Has Lower Ending Stocks
- Cotton price surge to make Pakistani products less competitive globally
- Textile Associations Urge Intervention On CCI Cotton Trading Policies
- दाम कम होने के कारण सीसीआई को कपास बेचने में रूचि नहीं दिखा रहे क्षेत्र के किसान
- किसानों से दगा- कपास की न्यूनतम समर्थन मूल्य पर खरीद के नाम पर खानापूर्ति
Short Message Board
Cotton Live Reports
Visiter's Status
Visiter No. 31710111Saying...........
Misery no longer loves company; nowadays it insists on it.
Tweets by cotton_yarn