India's ban on cotton exports unnerves Pakistani industry

[ISRO Go!]

In buisness UP's and DOWN's are normal..
U shouldn't CRy InsteAd U HAVE TO MOVE ON!!!!

 

[Jungibaaz]

why pakistanis are crying ?? they should have known that they are dealing with enemy country. A good lesson to them.

no-ones crying.... just this year our exports were erased, wait till next year we'll be back to not importing cotton but exporting it.

 

[mjnaushad]

why pakistanis are crying ?? they should have known that they are dealing with enemy country. A good lesson to them.

Would you have comment the same on Land transit agreement.???

 

[Jungibaaz]

Would you have comment the same on Land transit agreement.???

lol not only that every time we produce a bullet it raises concern amongst them

 

[SpArK]

Top ten cotton producers — 2009


(480-pound bales)

People's Republic of China 32.0 million bales
India 23.5 million bales
United States 12.4 million bales
Pakistan 9.8 million bales
Brazil 5.5 million bales
Uzbekistan 4.4 million bales
Australia 1.8 million bales
Turkey 1.7 million bales
Turkmenistan 1.1 million bales
Syria 1.0 million bales


Rankings

China is number 1 in production , so if India is not exporting , you guys can always rely on China.

 

[deckingraj]

Would you have comment the same on Land transit agreement.???

Can you please throw some light on Land transit Agreement....Not that I don't know about however just wanted to understand your version of how Pak did a favor to India...

 

[ISRO Go!]

Top ten cotton producers — 2009


(480-pound bales)

People's Republic of China 32.0 million bales
India 23.5 million bales
United States 12.4 million bales
Pakistan 9.8 million bales
Brazil 5.5 million bales
Uzbekistan 4.4 million bales
Australia 1.8 million bales
Turkey 1.7 million bales
Turkmenistan 1.1 million bales
Syria 1.0 million bales


Rankings

China is number 1 in production , so if India is not exporting , you guys can always rely on China.

Thats a good idea,ur all-weather friend will help u this time also..u can import it with much cheaper rates than india..
after all they are ur close friends na..

 

[mehboobkz]

Top ten cotton producers — 2009



China is number 1 in production , so if India is not exporting , you guys can always rely on China.

There is a difference between a producer and a exporter. China has its own domistic demand to look after, it does not export that much.

 

[SpArK]

There is a difference between a producer and a exporter. China has its own domistic demand to look after, it does not export that much.

So does we.. In the present scenario, which i have already posted.

But expect the "cries" only against us.

 

[mehboobkz]

Can you please throw some light on Land transit Agreement....Not that I don't know about however just wanted to understand your version of how Pak did a favor to India...

Land transit has been denied to India since six decade - so why India should worry on this account?

 

[hellofriends]

i don't know, what the intention of govt. by banning it ? But there should be strong reason behind this step, which must be good for india.

 

[SpArK]

i don't know, what the intention of govt. by banning it ? But there should be strong reason behind this step, which must be good for india.

Ohh its just that textile industry in India have attracted large investments to make additional capacities, eyeing better prospects in the overseas textile and garments market.

Considering limited supplies and escalating prices only our government had banned cotton exports in the early part of the current year, starting April till September. Prices ruled higher in the domestic markets as supply shortfall continued, hence the ban.

Anything other than this posted by members are fiction. Just sit back and enjoy it.

 

[Abhishek_]

India, the second-biggest grower of cotton, stopped registering export contracts after Cargill Inc., Louis Dreyfus Commodities and rivals filled the quota within 10 days after bookings opened amid a global shortage.

Traders applied for permits to ship 5.5 million bales, the limit set by the government, and were issued licenses for 1.22 million bales at 12:28 p.m. Mumbai time, the textiles ministry said today. Fresh applications will be accepted if more cotton becomes available, the ministry said.

Futures in New York jumped to a 15-year high after the U.S. Department of Agriculture raised a forecast for demand. Global usage will reach 120.8 million bales in the year started Aug. 1, up 0.2 percent from last month’s estimate, and production will be 116.7 million bales, down from the September forecast of 117 million, the USDA said Oct. 8.

“There’s a shortage the world over and Indian exporters are trying to export more and more,” Shishir Jaipuria, managing director of Ginni Filaments Yarn, said from New Delhi.

Futures for December delivery gained as much as 2.3 percent to $1.0964 a pound on ICE Futures U.S. Prices in India reached a record last week after an extended monsoon delayed harvesting.

Higher raw-material costs have prompted textile retailers including Arvind Ltd., Aarvee Denims & Exports Ltd., Reliance Industries Ltd. and Gokaldas Exports Ltd. to raise prices by as much as 15 percent, Citigroup Inc. economists Rohini Malkani and Anushka Shah wrote in a note today. Prices may advance further during the festive season, it said.

‘Export Obligation’

“Unbridled exports will deprive mills of raw materials when prices are shooting up,” said Jaipuria, who is also the chairman of the Confederation of Indian Textile Industry. “Mills and yarn producers may find it difficult to meet export obligations. The entire value chain will be affected.”

Arvind is the world’s largest denim maker and a supplier to Levi Strauss & Co. and Gap Inc.

India halted exports in April to augment supplies, and then introduced a licensing system for overseas sales a month later. Actual shipments can begin from Nov. 1 after permits are issued, the ministry said last month. Exports registration began Oct. 1.

Traders must complete shipments within 45 days of receiving permits, or latest by Dec. 15, Textiles Commissioner A.B. Joshi said by phone from Mumbai today.

Mills last month demanded a halt in exports in the October- to-December period, and sought a duty of 10,000 rupees ($223) a ton to deter shippers.

India’s production may be 32.55 million bales in the year started Oct. 1, from 29.5 million bales a year ago, according to the state Cotton Advisory Board. Exports were 8.3 million bales last year, with more than half going to China, the biggest user.

A bale weighs 170 kilograms in India.

India Suspends Cotton Export Registrations After Filling Government Quota - Bloomberg


GOI needs to ensure our own mills keep chugging. Only spare supplies should be exported.

 

[deckingraj]

Land transit has been denied to India since six decade - so why India should worry on this account?

And i am not...it would be good for the region if they do provide it however nothing will break loose if they don't....I just want to understand what poster meant when he referred to Land Transit viz-a-viz India...

 

[indiaworldpower]

He is happy that India can have some point scoring this year and damage Pakistani textile industry which is famous in the world.



anyway he forgot this flood blackmailing is not going to work forever

India should export the finished goods instead of giving cotton to Pakistan to prepare finished goods. India is doing this same thing with the Iron ore. Export for the same has almost been banned and will be utilized withing the country.