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CAI pegs 2019-20 cotton estimate at 354.50 lakh bales
The total cotton supply estimated by the CAI during the months of October 2019 to July 2020 is 392.40 lakh bales of 170 kg each which consists of the arrival of 345.40 lakh bales upto July 31, 2020, imports of 15 lakh bales upto July 31, 2020 and the opening stock estimated by the CAI at 32 lakh bales at the beginning of the season on October 1, 2019.
Uncertainty in cotton trade continues
In the recent times cotton prices in the entire major cotton-producing countries have been falling posing problems to the farm community. More than that, the production estimates have also been steadily declining, causing worries to the cotton community.
CCI to enter Punjab to procure cotton after 4 yrs
The Cotton Corporation of India Limited (CCI) has started preparations to enter Punjab after four years to procure cotton. It expects the quality of raw cotton to be reasonably good to make procurement at the minimum support price (MSP).
All India Cotton Conference on Aug 17-18
he Indian Cotton Federation (ICF), Coimbatore and Indian Cotton Association Ltd, Bathinda have decided to organise the bi-annual All India Cotton Conference at Coimbatore on August 17-18, 2018. The conference will be for 1.5 days days starting by 17th afternoon and finishing on 18th evening.
PCGA rejects proposed withdrawal of cotton import duties
The Pakistan Cotton Ginners Association (PCGA) has opposed the recommendation of the Economic Coordination Committee (ECC) to withdraw 4 per cent customs duty and 5 per cent sales tax on the import of cotton from India and other countries, especially when the country had already suffered a loss of Rs 500 billion due to reduced cotton production.
Pak’s cotton output up 7.2%
Higher cotton production by Sindh and Punjab helped Pakistan improve its overall output by 7.16 per cent year-on-year up to December 31, according to the latest figures issued by the Pakistan Cotton Ginners Association. Yet the production level remained lower than the official revised estimate of 12.6 million bales.
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