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CCI to boost cotton exports to Bangladesh, Vietnam
The Cotton Corporation of India (CCI), which is holding surplus stocks of cotton just ahead of the next harvest season, is trying to boost exports of the fibre crop. A memorandum of understanding is being worked out to export 1.5-2 million bales (of 170 kilograms each) of cotton to Bangladesh while the state-run CCI will also set up its own warehouse in Vietnam to boost cotton exports.
Cotton acreage to fall, yield to rise
The Cotton Association of India (CAI) has released its first estimates of the crop for the 2015-16 season beginning on October 1 at 380 lakh bales of 170 kg each. This is almost similar to the output of 382 lakh bales achieved in the 2014-15 season.
Cotton king under siege?
Cotton imports by China in June have fallen by 26 per cent already. The see-sawing of prices in major countries including India is causing a lot of anxieties. Chinese prices are under pressure from significant left-over commercial stocks as well as sales of state reserve cotton, kicked off recently.
Call to speed up cotton sales
The Cotton Association of India (CAI) has placed the cotton crop for the season 2014-15 beginning on 1st October 2014 at 396.00 lakh bales of 170 kg each. The projected Balance Sheet drawn by the CAI for the year 2014-15 estimates total cotton supply at 465.90 lakh bales while domestic consumption is estimated at 310 lakh bales thus leaving an available surplus of 155.90 lakh bales.
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