With cotton prices falling below the minimum support price levels, the Cotton Corporation of India has begun procurement in the select markets of Karnataka, Telangana, Andhra Pradesh and Maharashtra
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With cotton prices falling below the minimum support price levels, the Cotton Corporation of India has begun procurement in the select markets of Karnataka, Telangana, Andhra Pradesh and Maharashtra
At the end of 2013/14, international cotton prices were around 80 US cents/lb and have continued falling in the first two months of the new season. Given the predicted 1.8 million tons of surplus cotton production and changes in China’s cotton policy,
The USDA’s latest report featured an increase to global figures for 2014/15 beginning stocks (?,000 bales, to 100.3 million) and production (?,000 bales, to 118.0 million) as well as a decrease to the estimate for world consumption (-479,000 bales, to 112.1 million).