If one thinks of cotton in the global textile arena, then the first country´s name that strikes a chord in memory is India. Cotton and India are inseparable since time immemorial.
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China will start selling its massive cotton stockpiles this year, in a move likely to depress demand as the country’s mills hold off buying in anticipation of sales of discounted fibre. Market rumours have been hinting that China was preparing to release some of its holdings, which have swelled to around 10 million tons more than 40 per cent of world stocks.
The Cotton Council International (CCI) is all set to launch its 25-year old flagship brand, COTTON USA in India. COTTON USA promotes U.S. cotton fibre and manufactured cotton products in more than 50 countries globally.
In their May report, the USDA has released its first complete set of estimates for an upcoming crop year. The projection for world production in 2015-16 is 111.3 million bales, which represents an 8.0 million bale decrease (-6.7 per cent) relative to the 119.3 million bales harvested in 2014-15.
The projection for world production in 2015/16 is 111.3 million bales, which represents an 8 million bale decrease (-6.7%) relative to the 119.3 million bales harvested in 2014/15. The forecast for world mill-use in 2015/16 is 115.3 million bales
Current cotton exports from India are lagging compared to last year. According to a recent statement from Mumbai based Cotton Association of India, the export demand for Indian cotton is limited at this point.
The Government of India is promoting good cotton growing approaches to its farmers. India through its National Food Security Mission (NSFM) is promoting the use of technology to its farmers to enhance the yield and quality in cotton growing states.