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Cotton production receives boost
India's cotton yield has received a boost as 6.6 lakh bales (each weighing 140 kg) of cotton have been procured so far surpassing last year’s production figures of 6.5 lakh bales.
Cotton crop on the rise amid shrinking acreage
India expects to produce 35.1 million bales (170 kg) this season beginning in October. India’s official body, Cotton Advisory Board met in Mumbai and decided on this year’s first estimate of cotton production.
Bid to stem fall in cotton output
For the cotton season 2015-16, the Cotton Advisory Board (CAB) has revised the cotton production estimate. It now stands at 338 lakh bales as against its earlier estimates of 352 lakh bales.
8% rise likely in global cotton output in 2016-17
Cotton Outlook continues to forecast raw cotton production in 2016/17 at 22,748,000 tonnes, representing an increase of eight percent on the previous period. Cotton area is expected to increase modestly and a repeat of the current season’s reduction to yields is not foreseen. Global consumption is also unchanged, at 23,317,000, just 1.4 percent higher than in 2015/16.
Threats to King Cotton
King Cotton has reined supreme on the Indian soil since time immemorial. Its fortunes have been rising slowly though many threats have loomed large. Recently, India is poised to emerge as No. 1 producer of cotton in the world.
Lenzing revenues hit by low fibre prices
High cotton inventories, high cotton production and surplus capacities in China for man-made cellulose fibres means that Lenzing û maker of Tencel û sees a continued squeeze on its textile fibre prices
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