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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.
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.
India’s cotton crop put at 37.5 mn bales
India expected to produce about 37.5 million bales (170 kg each) of cotton amidst the pink bollworm infestation situation in major cotton growing regions.
CCI to focus on commercial operations
The Cotton Corporation of India (CCI) has procured about 5 lakh bales this season of which 4 lakh bales have been procured at minimum support price (MSP) and the remaining 1 lakh bales as part of its commercial operations, senior officials at the CCI said.
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