The demand for Indian cotton in China and Taiwan has rapidly increased and thus Indian exporters have started quoting higher rates for the same. Indian textile enterprises including Arvind, Raymond and Aarvee noticed the opportunity lying in the Chinese market. Since last two years, cotton prices have increase by about 20 percent.
Cotton imports by China and Taiwan accounts for about 60 percent of the total export quantity of Indian cotton. These two countries prefer Shanker-6 cotton, which is an high range variety, quoted at around Rs19600 per candy, this week.
In last five years, the cotton consumption of China has doubled, resulting its increased dependence on imports from India. Besides, Taiwan is becoming the new export market of Indian cotton.
Fibre2fashion News Desk - China
marketing@alchempro.com
