India Textile Lobbying Group Disagrees With Cotton Export Ban

Lobbying groups in the textile industry (including the cotton and Textile Industry Association) believe that although cotton production in India is decreasing in the current cotton season, the country should not prohibit or restrict the export of raw cotton.

This seems to be good news for cotton importers such as China, Bangladesh and Vietnam, and is also good for cotton exporters in India.

India textile Commissioner recently said that in the 2012-2013 fiscal year, India

Output will be reduced by about 5% to 33 million 400 thousand packets (170 kg / pack), while the 2011-2012 fiscal year is 35 million 300 thousand packs.

The figure is likely to fall or rise in future estimates.

Therefore, the industry is worried that the India government may ban or restrict cotton exports as before.

However, with the strong opposition of cotton production, commerce and trade group and textile trade association, this worry is obviously unnecessary.

Nair, Secretary General of India Textile Industry Federation, said that they requested the India government not to restrict the export of cotton in the current cotton season.

Referring to the reasons, he explained: "we hope that the government will pursue an open universal license policy so that the cotton market will follow its own rules, because uncertainty can not help anyone."

"The best case is India.

Free export and import of cotton, yarn or fabric.

Secondly, we did not foresee the shortage of cotton, so we do not see any reason for the government to prohibit or restrict the export of cotton.

Vishwanathan, Secretary General of India cotton Federation, said: "India should not ban cotton exports, because the country's cotton stocks are very abundant, while domestic consumption has dropped sharply.

The export of cotton is abundant. "

He added: "the power restriction measures have greatly weakened the operation of Tamil Nadu, which accounts for 50% of the capacity of India's cotton spinning industry.

India's cotton yarn market is also in the doldrums.

The export of cotton yarn has increased, but cotton textile enterprises have no choice but to export goods at a low price since the local market has slowed down.

K Selvaraju, Secretary General of the southern India Textile Association, represents the interests of the textile mills of Tamil Nadu and other southern states. He said that China's cotton imports are expected to decline, which may affect the export volume of India's cotton in the current cotton season.

"In addition, the current cotton inventory utilization rate is estimated at 74% in recent years, a record high in recent years.

Therefore, I do not think there will be a shortage of cotton in India, so there is no need to prohibit or restrict the export of cotton.