Woollen Weaves

Apparel - - Contents -

Ex­plor­ing the woollen wear mar­ket and its emerg­ing trends and chal­lenges

COT­TON: THE ROAD AHEAD

Around 75 per cent of spun yarn in the coun­try is be­ing pro­duced from cot­ton. Avail­abil­ity of good qual­ity cottonseed round the year has made In­dia the largest cot­ton ex­porter in the world. This is all thanks to the pro­duc­tion boost In­dia is get­ting from home-grown cot­ton.

Ac­cord­ing to the lat­est re­ports, the Govern­ment has es­ti­mated that the cot­ton con­sump­tion for eight months start­ing from Oc­to­ber 2017 go­ing up to May 2018 has been 216 lakh bales at an av­er­age of 27 lakh bales per month. On the other hand, the ex­port ship­ment un­til May 31, 2018, has been es­ti­mated at 62 lakh bales. Favourable MSP rates, avail­abil­ity of high qual­ity cottonseed and an es­ti­mated 13 per cent in­crease in the pro­duc­tion area has suc­cess­fully jolted the cot­ton pro­duc­tion and trade to a new high. As per es­ti­ma­tions and re­search by the South­ern In­dia Mills’ As­so­ci­a­tion (SIMA), the In­dian cot­ton tex­tile value chain has the po­ten­tial to achieve 12 per cent Com­pound An­nual Growth Rate (CAGR) as against six per cent CAGR achieved un­til now.

How­ever, the prob­lem ahead is that the cot­ton in­dus­try will have to keep evad­ing the growth of pests and weeds. In case this goes out of hand and the over­all pro­duc­tion re­duces, then crimp­ing of cot­ton yields will shrink In­dia’s trade route as well. So, to let the sit­u­a­tion stay in In­dia’s favour so that the price of cot­ton too stays within limit, the en­tire sup­ply chain has to work to­wards it and cross over all the hur­dles one at a time.

AVAIL­ABIL­ITY OF GOOD QUAL­ITY COTTONSEED ROUND THE YEAR HAS MADE IN­DIA THE LARGEST COT­TON EX­PORTER IN THE WORLD.

The de­tails of im­ports and ex­ports of cot­ton prod­ucts for the year 2017-18 (pro­vi­sional) are given as un­der:

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