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India’s cotton production likely to decrease in 2020-21
The Committee on Cotton Production and Consumption expects the current year’s production to be 36 million bales, lower than last year’s estimate of 365 lakh bales. This dip is owing to the spread and impact of COVID-19.
Cotton contamination up reveals ITMF survey
The level of cottons moderately or seriously contaminated as perceived by the spinning mills from around the world grew from 23 per cent in 2016 to 26 per cent in 2019.
SIMA hails CCI’s initiative to protect interests of MSME sector
Ashwin Chandran of SIMA thanked Smriti Irani for the intervention, enabling CCI to offer volume based bulk discounts for its 2018-19 cotton and protecting the interests of MSME spinning mills by offering the discounts from 500 bales and restricting the same at 10,000 bales.
China deal and cotton
United States-China trade deal (Phase-1) signed raises hopes for the cotton sector. On the day when the United States-China trade deal (Phase 1) was signed in Washington, DC, cotton growers gathered for the Plains Cotton Growers’ Board meeting, to talk about 2019 crop, trade situation and the cotton market.
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