Study Material | Test Series
Drishti IAS
call1800-121-6260 / 011-47532596
Drishti The Vision Foundation
(A unit of VDK Eduventures Pvt. Ltd.)
mains Test Series 2018
Pakistan becomes Top Buyer of Indian Cotton
Feb 08, 2016

Pakistan has replaced Bangladesh to emerge as largest buyer of Indian cotton in October-December 2015 quarter due to a sharp decline in its domestic availability on crop damage hit by white flies virus.

  • The available data showed Pakistan imported 1.66 million bales (1 bale=170 kgs) of cotton from India which works out to 47% of India’s overall fibre exports to the tune of 3.52 million bales.

  • In the same quarter last year, however, India’s total cotton export stood at 1.93 million bales which Pakistan’s contribution at 0.38 million bales.

  • Encouraged by significant jump in exports in the first quarter of the current season, Ministry of Textiles has raised cotton export forecast of the current season to 7 million bales for the full year of 2015-16, over 21% increase from the last year’s level at 5.77 million bales.

  • The prevailing trend in cotton exports is likely to continue for the rest of the year due to crop damage in Pakistan.

  • India’s cotton exports to other countries are also likely to remain significantly up this year.

  • With 0.86 million bales, Bangladesh slipped to the second position in India’s cotton export destinations. Bangladesh imported 2.3 million bales of Indian cotton last year.

  • Around a third of crop in Pakistan was damaged resulting into textiles mills there import cotton from India to meet their consumption. 

  • As against 2.3 million tonnes (equivalent to 13.53 million bales) of cotton output last year, Pakistan is set to witness 1.54 million tonnes (equivalent to 9.03 million bales) this year.

  • India transports cotton to Pakistan primarily through Wagah boarder.

  • The global equation is also changing due to a slowdown in demand from China which contributed to 24% of India’s overall cotton exports in 2014-15.

  • This year, however, China’s share is likely to decline with an estimated offtake of 1.2 million bales as against 1.68 million bales last year.

  • China’s cotton import to fall by 40% this year at 6.35 million bales (1.08 million tonnes) due to the fall in consumption and lower domestic cotton prices. 

Helpline Number : 87501 87501
To Subscribe Newsletter and Get Updates.