Indian cotton crop for the next season beginning in October will remain at the same level as the current year. Mumbai-based Cotton Association of India (CAI) released the first estimate for the next year’s cotton crop beginning on October 1.
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India’s cotton import has soared above 20 lakh bales thanks to skyrocketing cotton prices. While Cotton Advisory Board (CAB) had projected imports of around 15 lakh bales during 2015-16, trade and industry officials opine that imports have already crossed 20 lakh bales.
Pest attacks, monsoon delay and switch-over to pulses and oilseeds by farmers are expected to pull down India?s cotton planting its lowest level in seven years.
Pest attacks, monsoon delay and switch-over to pulses and oilseeds by farmers are expected to pull down India?s cotton planting its lowest level in seven years.
Italy, Germany, Romania and Spain were the largest importers of cotton fabrics in the EU, accounting for about 50 per cent of total EU imports in the last 10 years.
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.
Greaves Cotton Ltd has posted a 5 per cent growth in its revenue at Rs 445 crore for the quarter ended June 30, 2016 as against Rs 424 crore for the corresponding period last year. Despite tough market conditions, the company maintained its net profit at Rs 39 crore for the first quarter, 11 per cent decline from Rs 44 crore in the comparable period last year.