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India, Pakistan to Discuss Indian Cotton Export Ban

Avatar for Jim.Robinson By Jim.Robinson|May 20, 2010

Last week, India and Pakistan each agreed to send foreign ministers — India will be represented by External Affairs Minister S.M. Krishna and Pakistan will be represented by Foreign Minister Shah Mahmood Qureshi — to meet in Islamabad on July 15. They will discuss a multitude of topics, possibly including India’s recent ban on cotton exports.

In the meantime, local cotton industry leaders are voicing their opinions on the current situation.

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In a report from Wall Street Journal/IndiaRealTime, Mohsin Ayub Mirza, a textile manufacturer in Karachi and chairman of the Pakistan Readymade Garments Manufacturers & Exporters Association called the ban “a slap on the face of free trade in the global economy.”

“Pakistan argues that India should honor contracts for 200,000 cotton bales for which letters of credit have already been issued, says Ikhtiar Baig, a Karachi-based garment producer and Adviser to the government on Textile Industry. ‘Pakistan is against India’s ban on cotton exports,’ Ikhtiar Baig added,” according to the Wall Street Journal/IndiaRealTime report.

Last week in Pakistan, the shortage of yarn in the local market — which some say is a consequence of the Indian export ban — led thousands of workers in Karachi and Faisalabad to call for an immediate ban on yarn exports. The textile value added sector demanded that the government either impose a complete ban or increase the rate of regulatory duty from 15 to 30 percent on the export of cotton yarn. They also proposed that the duration of the regulatory duty on yarn export should be at least one year.

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The All Pakistan Textile Mills Association, the spinning sector and the Karachi Cotton Association (KCA), however, advocate the continuation of free import and export of the commodity.

In turn, India says it simply “imposed the ban to ensure its own garment and textile industry has adequate supplies after a poor global harvest of raw cotton, especially in China and the U.S.,” according to the Wall Street Journal/IndiaRealTime report.
 

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Leave a Reply

Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

Banned-restricted of raw cotton from India is a political issue.B’cos south Indian Politicial people do not want much raw cotton bales to be exported, B’cos there too many south Indian politician owned their many hundres of Spinning mills and textiles mills. So baned on raw cotton is a political motivated issues rather than economically issue. UPA -central Govt. need badly these all south Inidian politician to run thier Goct.that’s all. Nothing else. But if we Grow more cotton, export more bales,so we will earn more foreign revenue and also full fill local-domestic textiles/spinning mills demands this is a solutions. OR put a some limit that 20 million bales should be exported,no more than that, so automatically rest of the 15 millions can be spared for local-domestic markets. All of a sudden banned-restricted of raw cotton in international market make a big injury in business, buyer feels that India or Indian exporters are not a reliable-consistent suppliers/sellers of raw cotton.Once buyers skips it’s hard to catch.So this is a foolish decisions of UPA Govt. of banned-restrictions on raw cotton, that I feel.

Reply
Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

Really i appreciate this view which is foolish decision of Indian politicians who have temproarily exploiting farmers & benefiting Spinners.

Reply
Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

Really i appreciate this view which is foolish decision of Indian politicians who have temproarily exploiting farmers & benefiting Spinners

Reply
Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

THE BAN HAS COME AT A WRONG TIME. SOWING IS GOING TO TAKE PLACE AND IF THE GOVERNMENT IS NOT GOING TO TAKE PROPER DECISION THEN WE CAN SEE COME EFFECT IN NEW CROP. ALSO SINCE COTTON IS HELPING IN GET GOOD AMOUNT OF FOREIGN REVENUE WE SHOULD ENCOURAGE FOR MORE SOWING. INDIA CAN BECOME NUMBER 1 IN PRODUCTION IF GOOD GOVERNMENT SUPPORT IS GIVEN TO FARMERS EARLIER.

Reply
Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

This really a good move of govt, of india to controll the cotton prices & save indian textile industry

Reply
Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

In a free economic market, it should not be an Government that controls the offer and demand of any good, but at least for us in Latin America this is good, because for the first time, we are going to compete with the same rules of the game.

Reply
Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

We – Entire India producing 33.35 millions bales of raw cotton per year.Out of these 33.35 millions bales our local-domestic consumptions in textiles & spinning mills, and other uses are 15 to 20 millions bales,.Now if we do not exports raw cotton then where we will do with these rest of the stocks of raw cotton bales of 15 to 20 millions bales ??.So what we want to say is India must export raw cotton bales in world markets.Last many years we were doing it, all of a sudden when Indian UPA Govt.banned it makes big injury to farmers, and cotton ginners, and to exporters of raw cotton. There are 4500 to 5000 cotton ginning manufactories in India, If no export then half of the cotton manufactories would be close if UPA Govt. will not lift the banned.This is a big facts, and There are 1500 to 1800 raw cotton ginning manufactories in Gujarat, So obviouly half of them will be close in nest 2 years if UPA Govt’s banned will be continued. So some body must have to decide what to do now. It is also fact that Many raw cotton ginning manufactories will be close and many thousnads of farmers will switch to another crops. So we do not wonder why farmers suicides. This I feel.
Rakesh Soni
Balaji Cotton Linter,BARODA,
http://www.balajicottonlinter.com

Reply
Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

We are agree to the comments being a follower of free market principle, for sure these kind of measurements are really hurting to the high pecentage of stake holders doing exports business while having surplus in the markets also. Moreover, exporters are bringing huge amounts to ex-chequers since the contribution of others are less and now damages are quite wide, which could be measured after some weeks when export datas would be available. however, political motives are seriously damaging on the macro levels.

Reply
Avatar for Anonymous Anonymous says:
September 26, 2011 at 3:13 pm

No means of crying for export. You can see that prices already increased by 2000/cdy dur to demand of spinning mills. So ALL IS WELL!!! Decision of Government is 100% right

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

Banned-restricted of raw cotton from India is a political issue.B’cos south Indian Politicial people do not want much raw cotton bales to be exported, B’cos there too many south Indian politician owned their many hundres of Spinning mills and textiles mills. So baned on raw cotton is a political motivated issues rather than economically issue. UPA -central Govt. need badly these all south Inidian politician to run thier Goct.that’s all. Nothing else. But if we Grow more cotton, export more bales,so we will earn more foreign revenue and also full fill local-domestic textiles/spinning mills demands this is a solutions. OR put a some limit that 20 million bales should be exported,no more than that, so automatically rest of the 15 millions can be spared for local-domestic markets. All of a sudden banned-restricted of raw cotton in international market make a big injury in business, buyer feels that India or Indian exporters are not a reliable-consistent suppliers/sellers of raw cotton.Once buyers skips it’s hard to catch.So this is a foolish decisions of UPA Govt. of banned-restrictions on raw cotton, that I feel.

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

Really i appreciate this view which is foolish decision of Indian politicians who have temproarily exploiting farmers & benefiting Spinners.

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

Really i appreciate this view which is foolish decision of Indian politicians who have temproarily exploiting farmers & benefiting Spinners

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

THE BAN HAS COME AT A WRONG TIME. SOWING IS GOING TO TAKE PLACE AND IF THE GOVERNMENT IS NOT GOING TO TAKE PROPER DECISION THEN WE CAN SEE COME EFFECT IN NEW CROP. ALSO SINCE COTTON IS HELPING IN GET GOOD AMOUNT OF FOREIGN REVENUE WE SHOULD ENCOURAGE FOR MORE SOWING. INDIA CAN BECOME NUMBER 1 IN PRODUCTION IF GOOD GOVERNMENT SUPPORT IS GIVEN TO FARMERS EARLIER.

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

This really a good move of govt, of india to controll the cotton prices & save indian textile industry

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

In a free economic market, it should not be an Government that controls the offer and demand of any good, but at least for us in Latin America this is good, because for the first time, we are going to compete with the same rules of the game.

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

We – Entire India producing 33.35 millions bales of raw cotton per year.Out of these 33.35 millions bales our local-domestic consumptions in textiles & spinning mills, and other uses are 15 to 20 millions bales,.Now if we do not exports raw cotton then where we will do with these rest of the stocks of raw cotton bales of 15 to 20 millions bales ??.So what we want to say is India must export raw cotton bales in world markets.Last many years we were doing it, all of a sudden when Indian UPA Govt.banned it makes big injury to farmers, and cotton ginners, and to exporters of raw cotton. There are 4500 to 5000 cotton ginning manufactories in India, If no export then half of the cotton manufactories would be close if UPA Govt. will not lift the banned.This is a big facts, and There are 1500 to 1800 raw cotton ginning manufactories in Gujarat, So obviouly half of them will be close in nest 2 years if UPA Govt’s banned will be continued. So some body must have to decide what to do now. It is also fact that Many raw cotton ginning manufactories will be close and many thousnads of farmers will switch to another crops. So we do not wonder why farmers suicides. This I feel.
Rakesh Soni
Balaji Cotton Linter,BARODA,
http://www.balajicottonlinter.com

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

We are agree to the comments being a follower of free market principle, for sure these kind of measurements are really hurting to the high pecentage of stake holders doing exports business while having surplus in the markets also. Moreover, exporters are bringing huge amounts to ex-chequers since the contribution of others are less and now damages are quite wide, which could be measured after some weeks when export datas would be available. however, political motives are seriously damaging on the macro levels.

Reply
Avatar for Anonymous Anonymous says:
December 22, 2011 at 1:35 am

No means of crying for export. You can see that prices already increased by 2000/cdy dur to demand of spinning mills. So ALL IS WELL!!! Decision of Government is 100% right

Reply

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