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11 April 2023

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Cotton Export Is Expected To Reach 40 Lakh Bales In 2022-23 While Jute And Mesta Production Is Rising

In the response to the question of cotton export in Lok Sabha, Smt. Darshana Jardosh, Union Minister of State for Textiles gave a written reply stating – Cotton export may go to 40 lakh Bales in 2022-23. There may be variations depending on the availability, global demand and price parity of cotton. In India, Gujarat, Maharashtra and Telangana are the three states which together account for 65% of cotton production.  Jute and Mesta which are paving their way through cotton exports are also found to rise. Below is the 5 years data related to Jute and Mesta production Year 2018-19 2019-20 2020-21 2021-22 2022-23 Quantity (Lakh Bales) 72 68 60 90 95 (Source: Jute Advisory Board / Expert Committee on Jute) To reach the expectations, Government of India implemented various strategies like Continuation of Jute Packaging, Act of 1987. (Mandatory use of Jute in Packaging of Commodities) For the improvement and boosting of the Jute Sector, implementing National Jute Development Program (NJDP) Announcement of Minimum Support Price(MSP) for supporting raw jute-producing farmers.  To prevent the farmer from fraudulent activities, Jute Corporation of India procures raw jute from them at MSP.  The production capacity of jute mills has risen to 28 lakh bales from 26 lakh bales per year. This is due to the collection of foodgrains on a larger scale by the Government leading to the increase in demand for packing material. 

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