Cotton prices in India are expected to remain subdued in the near future. Coming to the domestic scenario, prices are likely to trend in line with the international markets as domestic prices have plunged below the international levels offering no triggers for upside movement.
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At the end of 2014-15, world ending stocks of cotton are projected up 11 per cent to nearly 22 mt. After increasing substantially in each of the three previous seasons, China´s ending stocks are expected to remain stable reaching just over 12 mt in 2014-15, and would account for 56 per cent of total world stocks.
The eight-day training covers a series of modules delivered by industry experts from ICA Bremen, the Bremen Fibre Institute (FIBRE) and other leading companies.
Cotton Council International is organizing an Invitation-only Seminar Evening on April 10, 2015 at Trident Oberoi, Mumbai. The Seminar will offer useful insights on the global scenario of cotton and the cotton textile industry.
The Cotton Association of India (CAI) has placed the cotton crop for the season 2014-15 beginning on 1st October 2014 at 396.00 lakh bales of 170 kg each. The projected Balance Sheet drawn by the CAI for the year 2014-15 estimates total cotton supply at 465.90 lakh bales while domestic consumption is estimated at 310 lakh bales thus leaving an available surplus of 155.90 lakh bales.
The United States cotton producers are focusing their efforts to deliver quality cotton this year. A group of cotton producers, researchers, extension specialists, policy staff, industry personnel and bankers gathered in the Lubbock office of Plains Cotton Growers (PCG) to discuss the state of the cotton industry.
Cotton price is still down, and the global acreage is likely to follow suit. China´s warehoused cotton poses quality problem but in the medium-term, there could be reliefs with the demand for cotton from countries like India going up.