Developing Cotton Bank Strategy &Nbsp, Making Textile Industry Free From Price Fluctuations.
India
Mr. Ramesh Kumar Tibrewal, managing director of Coimbatore Jagannath Textile Co., said that it is now time for India to formulate the policy of storing 2-3 years of raw cotton, aiming at helping the cotton textile industry get rid of the crazy price fluctuation.
He also warned that Bangladesh has replaced India as the second largest in the world.
Clothing export
China is the largest exporter of clothing. Now India's third exporters are in danger of being replaced by Vietnam.
He said that although he purchased cotton from Gujarat, he had to bear sales tax and freight charges of 2000 rupees / candy (excluding cotton price).
But the same cotton cost to China is only 600 rupees / candy.
This is because there are many containers pporting goods from China to India, and the freight to China is $100 / container, which is almost negligible.
For a domestic buyer like him, the tax and shipping cost per kilogram of cotton is 6 rupees / kg. For Chinese buyers, the cost is only 1.8 rupees / kg, so Chinese buyers get huge price advantage in the raw cotton stage.
He said that the central government should formulate a cotton bank strategy and reserve 1-2 million bales of cotton, which will stabilize domestic market prices when raw materials and prices fluctuate wildly.
He said that India was the largest clothing exporter ten years ago, but it fell to second place a few years ago. Now it has been replaced by Bangladesh, becoming the third place, while Bangladesh needs to import cotton. In one or two years, Vietnam may replace India and become the third largest clothing exporter in the world.
He said the development of competitors was at the expense of India, not because the market was expanding.
He said that although India's industrial capacity may be more
Cotton yield
After a year or two, the government should learn from China and start purchasing and storing cotton.
From March 2009 to March 2010, cotton prices were between 19000 rupees -29500 rupee / candy, but farmers did not benefit from the price spiral.
He said, because
raw material
There is no continuity in price, and there is no growth in the clothing market.
If the government controls the price of raw materials, if the domestic market can support higher prices, the manufacturing enterprises will turn to the domestic market rather than the export products.
Cotton Corp in India should help stabilize prices by putting stock into the market rather than trying to raise prices and profit from price fluctuations.
- Related reading
US Textile Manufacturers Appealed To The Government To Take 4 Steps To Expand Exports.
|- Female house | Shaoxing Textile Enterprises Set Foot In The Animation Industry
- Female house | 開學經濟帶火鞋服銷售
- Web page | World Clothing Shoes And Hats Nets: Behind The Franchise
- Local hotspot | China Puning International Commodity City Started Construction, Determined To Clone A Yiwu In Five Years.
- News Republic | Service Enterprises Will Be The Two Or Three Line Cities As A Starting Point For Development And Expansion.
- Regional investment promotion | Lining Sports Women'S Wear
- Celebrity interviews | Wear "Coke Bottle" &Nbsp; Pursue "Regeneration" Fashion.
- Celebrity interviews | 2010 China'S Clothing Exports Increase And Volume Decrease.
- Celebrity interviews | Tianhong Group Will Build Second Textile Factories In Vietnam
- Fashion Library | The World'S Top Fashion Brand Dior Shanghai Grand Opening
- Shoe Enterprise Hengda Formally Signs "Environmental Responsibility Book Of China Leather Industry"
- 巴西在貿易案的勝利暴露美國棉花補貼是浪費
- White Collar And Yi Wen &Nbsp; Face Or Development?
- Brand Sports Shoes And Clothing Collective Price Increases, Raw Material Prices Are The Main Reason.
- US Textile Manufacturers Appealed To The Government To Take 4 Steps To Expand Exports.
- Spring Enterprises Begin To Push Forward The Electronic Process Of Distribution System In A Large Scale.
- Evenbell Irwin Beal &Nbsp; European Classical Charm
- Central Bank Super Online Banking Launched
- Kangnai Group Was Selected As An Excellent Corporate Culture Unit.
- Women'S Clothing Starts Selling In Autumn And Winter.