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Fitch predicts fall in cotton produce due to less rain
Fitch Solutions said that it expects cotton production in India to fall by 1% year-on-year to 28.3 million 480lb bales in 2021-22 due to lacklustre rainfall throughout July and August, the main planting times.
Cotton consumption to increase in 2020-21 as yarn demand go up
According to Cotton Association of India (CAI) estimates, cotton consumption for the current crop year will increase by 5 lakh bales to 330 lakh bales of 170 kgs each from its previous estimate of 325 lakh bales of 170 kgs each.
CAI lowers cotton estimate for 2020-21 to 354.5 L bales
Cotton Association of India (CAI) has increased its consumption estimate for the current crop year by 5 lakh bales to 330 lakh bales of 170 kgs each from its previous estimate of 325 lakh bales of 170 kgs each.
USDA: India’s cotton production to grow by 4%
The USDA has projected India’s cotton production for the upcoming season at 37.8 million bales. The Indian textile industry says a lot of it depends on the southwest monsoon.
Chinese firms eye local market due to Western crackdown
Though the pandemic and crackdown by the US and other western countries on Chinese enterprises, have not affected the exports of some firms in North Western Xinjiang, many companies are exploring the domestic market.
CCI celebrates first virtual Cotton Day in India
Cotton Council International (CCI) celebrated its first ever virtual Cotton Day in India with focus on sustainability and a greener world post COVID-19 and stronger US-India ties.
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