Cotton market will show signs of pressure, for at least a short timeframe. Looks like, there is going to be lot of cotton world over. Addressing the 95th Annual General Meeting of Mumbai-based Cotton Association of India, Nayan Mirani stated recently, “cotton prices are likely to witness a depressing trend.â€Â
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The cotton sector in India has clocked an envious growth and it has carved a niche for itself in the international market. India has the largest acreage under cotton, which is about 1/3rd of the world’s total cotton acreage.
Following the success of branded cotton from Egypt and the US, the Government of India is considering branding of the locally produced fibre to fetch premium prices from overseas importers.
Incorporation of biological molecules to cotton may lead to novel functional cottons. Finding value-added applications for cotton, enabling it to be wearable smart textiles will be the next phase of R& D in the cotton sector.
Hyderabad-based Tierra Agrotech Pvt Ltd has acquired the branded cotton seeds business of Monsanto Holdings as the US-based seed giant battles a bitter dispute with former Indian licensee Nuziveedu Seeds in the Delhi High Court.
COTTON USA will show the global textile and apparel industry WHAT’S NEW IN COTTON™, including US cotton-rich fabrics created with innovative technology, at its booth in Hall 6, D60 at Première Vision in Paris from September 19-21.
To avoid middlemen in procurement of cotton and ensure provision of Minimum Support Price (MSP) to farmers, the Agriculture Department in Telangana has taken a novel decision to issue bar-coded tamper proof ID cards with the help of Revenue Department to all the cotton growers in the State.