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USDA: India’s cotton production to grow by 4%
The USDA has projected India’s cotton production for the upcoming season at 37.8 million bales. The Indian textile industry says a lot of it depends on the southwest monsoon.
What’s happening in India’s cotton & textile sectors
Textile sector is under stress in India. Recently, Mumbai-based Cotton Association of India (CAI) estimated that this year’s Indian crop (October 1, 2019-September 30, 2020) to be 33.55 million bales (170 kg each) as against its previous estimate of 33 million bales (170 kg each).
Cotton & MMF outlook-2020
World cotton production is projected to be lower than its consumption for the fourth year in row. This has marginally supported the cotton prices in CS19 despite the subdued demand.
ICA and CAI reinforce MOU
The International Cotton Association (ICA) and the Cotton Association of India (CAI) have renewed their memorandum of understanding (MOU) to reinforce the alliance and cooperation between the two associations.
Cotton price to rise 8-10%?
The Cotton Advisory Board CAB has revised its cotton output estimate to 370 lakh bales 1bale 170 kg from the previous estimate of 377 lakh bales for cotton season 2018 beginning October 1, 2017.
ICA delegation visits CAI
A two-member delegation from International Cotton Association Ltd (ICA), Liverpool consisting of its President, Salman Ispahani and Managing Director, Bill Kingdon visited the Cotton Association of India (CAI) on February 27, 2018 and met the CAI team led by its President, Atul S Ganatra.
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