.In India, the Cotton Association of India is asking the government
to withdraw the ban because exporters will be subject to both monetary
losses and legal claims .
.“The registered but unshipped quantity as reported by the Textile
Commissioner’s office on the day of the announcement is around 25 lakh
bales. These contracts between Indian exporters and their foreign
buyers have been entered into several weeks ago and exporters had
prepared for shipments after registering these with the Commissioner’s
office,” Dhiren N. Sheth, president of the Cotton Association of India
told indianexpress.com .
.Sheth also stated that “local prices have risen only because of
continuous purchases by spinners who have been realizing excellent
value for their yarn and in reaction to higher cotton prices in the
international market.” .
.In China, the State-owned Assets Supervision and Administration
Commission stated that the world’s largest cotton importer faces “an
imminent cotton shortage after India halted exports and demand climbed”
and that China’s cotton deficit will be “about 310,000 metric tons
before the new crop comes onto the market,” according to a report on
.The Bloomberg.com report also noted that “China’s economic growth of
11.9 percent in the first quarter is spurring textile consumption while
cotton output last year shrank on reduced planting.” .
.“We will have to turn to the U.S. cotton after India’s decision to
halt exports, but that’s still not enough,” Yuan Renqing, analyst at
Xinhu Futures com., told Bloomberg.com .
.The website tazakhobor.com says that Bangladesh may be one of the
hardest hit by the move. According to the website’s report, Bangladesh
“buys 30 percent of its annual need of 40 lakh bale of cotton from
.Abdul Hai Sarker, president of the Bangladesh Textile Mills
Association, said “The decision will increase our production cost and
also make it difficult for us to reach Send) our products in time to
the importers.” .
“Who will be counted on to export more cotton as a result of India’s
decision? Early indications are that growers in the United States,
Australia, Brazil and West Africa will benefit from the move with
increased demand for their products. ”