The International Cotton Advisory Committee’s Secretariat has forecast that the A Index in 2017-18 will range between 54 cts/lb and 87 cts/lb with a midpoint of 69 cts/lb. The midpoint would be 13 cts/lb lower than in 2016/17. This follows the large increase of 12 cts/lb from 2015-16 to 2016-17, which suggests that such a drop is not unreasonable.
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In 2017-18, world cotton production is projected to increase by 8 per cent to 24.9 million tonne while the global cotton consumption is forecast to rise by 2 per cent to 25 million tonne.
Egypt has signed a $1.74 million cooperation agreement with the United Nations Industrial Development Organization (UNIDO) and the Italian Agency for Development Cooperation to develop Egyptian cotton production.
In order to ensure availability of cotton for domestic mills, the Indian Government had directed Cotton Corporation of India Ltd to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to spinning mills in the micro small medium enterprise (MSME) category to contain fluctuation in cotton prices.
In order to ensure availability of cotton for domestic mills, the Indian Government had directed Cotton Corporation of India Ltd to sell its stock of cotton (cotton season 2015-16), purchased under MSP, to spinning mills in the micro small medium enterprise (MSME) category to contain fluctuation in cotton prices.
Early season drought, followed by hail storms and hot, dry, windy weather is taking a toll on High Plains cotton prospects in the US.
Finding new applications and concentrating on functionalities of King Cotton are important. This was disclosed by Dr Kater Hake, Vice-President of Agricultural and Environmental Research at Cary, USA-based Cotton Incorporated while delivering the first Narendra C Sheth Memorial cotton lecture sponsored by C A Galiakotwala & Co Pvt Ltd, in Mumbai recently.