Indian cotton preferred in Int'l mkt
Acceptability and preference of Indian cotton in the international market due to its low contamination and trash levels, would help its exports, an officebearer of Coimbatore Cotton Association said.
By PTI |
COIMBATORE: Acceptability and preference of Indian cotton in the international market due to its low contamination and trash levels would help its exports, an office bearer of Coimbatore Cotton Association said.
In his address to the 35th Annual General Meeting of the association here today, CCA president Ashok Daga said that exports were expected to be higher due to quality and surplus production.
There was a sudden surge in exports to 55 lakh bales in 2006-07 from 84,000 bales in 2002-03, thanks to the low contamination and trash levels of Indian cotton.
Meanwhile, the imports were stable at six lakh bales, mainly fine and superfine varieties, he said.
Due to sudden increase in spindle age, there has been good demand for cotton in past years, resulting in a lower carry on stock despite better crops each year, Daga said.
This year, India was sitting on a very low stock to use at 44 lakh bales and if the consumption pattern was any indication, there would be only two months' cotton in hand, he said.
Following an expansion drive by the mills, there has been a consistent increase in the domestic consumption of cotton which reached 240 lakh bales last season from 168.83 lakh bales in 2002-03, Daga said.
Stating that greater availability and reduction in prices of Bt cotton seeds have helped increase the acreage, Daga said that the cost of production and inputs have assisted farmers to realise good value for their produce.
In his address to the 35th Annual General Meeting of the association here today, CCA president Ashok Daga said that exports were expected to be higher due to quality and surplus production.
There was a sudden surge in exports to 55 lakh bales in 2006-07 from 84,000 bales in 2002-03, thanks to the low contamination and trash levels of Indian cotton.
Meanwhile, the imports were stable at six lakh bales, mainly fine and superfine varieties, he said.
Due to sudden increase in spindle age, there has been good demand for cotton in past years, resulting in a lower carry on stock despite better crops each year, Daga said.
This year, India was sitting on a very low stock to use at 44 lakh bales and if the consumption pattern was any indication, there would be only two months' cotton in hand, he said.
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Following an expansion drive by the mills, there has been a consistent increase in the domestic consumption of cotton which reached 240 lakh bales last season from 168.83 lakh bales in 2002-03, Daga said.
Stating that greater availability and reduction in prices of Bt cotton seeds have helped increase the acreage, Daga said that the cost of production and inputs have assisted farmers to realise good value for their produce.
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