Indian cotton crop to reach 40 million bales (170 kg each) in the new season beginning in October 2014. Speaking in the just concluded Indian Cotton Federation (ICF) conference in Coimbatore, India, S Dhinakaran, Immediate Past Chairman of the The Southern India Mills´ Association (SIMA), said India will have good crop this coming season starting this October. Although hopes are high for the crop to pass the 40 million bales mark, it sure that the crop will be 37 million bales at least.
Price volatility is a major concern for spinners in India. Several associations are pleading the State run Cotton Corporation of India to ensure supply throughout the year at a stable rate. K Thirunavukarasu, President of the The South India Spinners´ Association (SISPA), said in the ICF meet that earlier cotton price were season dependent and rate changes were expected at only four times in a season. Now, with the advent of technology, the price fluctuations have become a heart breaking event on a daily basis.
With good hopes for the US cotton this year, world´s cotton crop will be in bounty this year.
By: Seshadri Ramkumar, Texas Tech University, USA