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Aim for 1000 kg/ha cotton productivity: CAI chief
The cotton sector in India has clocked an envious growth and it has carved a niche for itself in the international market. India has the largest acreage under cotton, which is about 1/3rd of the world’s total cotton acreage.
Cotton market to witness pressure
Cotton market will show signs of pressure, for at least a short timeframe. Looks like, there is going to be lot of cotton world over. Addressing the 95th Annual General Meeting of Mumbai-based Cotton Association of India, Nayan Mirani stated recently, “cotton prices are likely to witness a depressing trend.”
CAI opposes buffer cotton plan
The Mumbai-based Cotton Association of India (CAI) is against Cotton Corporation of India stockpiling 7 to 8 million bales (170 kg each) by procuring during peak arrival season to sell to user mills during May to September time-frame. According to CAI, this scenario will need huge investment by the public sector Cotton Corporation of India and also it will incur losses due to price fluctuations. CAI in citing the China reserve policy, India should learn from China and should not venture into the reserve situation for cotton surplus country like India.
Cotton arrivals slow down
The Cotton Association of India (CAI) has released its December estimate of the cotton crop for the 2015-16 season, which began on 1st October 2015. The CAI has placed its December estimate of the cotton crop for the 2015-16 season at 357.00 lakh bales of 170 kg each.
Bumper cotton crop may pose more problems
Another bumper crop of cotton is in offing and tremors are felt already on the price front. The Cotton Corporation of India (CCI) is getting ready for yet another year of minimum support price (MSP) operations.
Cotton output to fall, mill-use to rise
The projection for world production in 2015/16 is 111.3 million bales, which represents an 8 million bale decrease (-6.7%) relative to the 119.3 million bales harvested in 2014/15. The forecast for world mill-use in 2015/16 is 115.3 million bales
India cotton exports down from last year
Current cotton exports from India are lagging compared to last year. According to a recent statement from Mumbai based Cotton Association of India, the export demand for Indian cotton is limited at this point.
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