Textile major Arvind Ltd has reported a 41 per cent decline in net profit for the year ended March from a year ago on the back of demonetisation and increase in cotton prices.
Browsing: cotton industry
The consistently high cotton prices in India in 2016-17, and which is still continuing in this financial year, will encourage Indian farmers to grow more this year.
Cotton community in the US has realised that cotton industry needs collective effort by all stakeholders to advance. End-user communities, research organisations, financial institutions, policy makers need to work with cotton, agriculture and for that matter any industrial sector to advance.
Farmers and agriculture experts in Punjab are expecting a major increase in the area under cotton cultivation this season. The Punjab Agriculture Department has set a target of 4 lakh hectares to be brought under cotton cultivation in eight districts of the Malwa belt.
Applied DNA Sciences Inc has announced the debut of its textile molecular tag technology, SigNature® T, in Bed Bath & Beyond® ’s1 Wamsutta® 2 line, featuring PimaCott® 3, is now available at locations nationwide and online.
Cotton industry stakeholders in the High Plains of Texas who gathered in Lubbock recently, were highly optimistic on this year’s cotton planting, Washington politics and global demand and market scenario. There is going to be lot of acres in Texas with about 20 per cent increase in acreage predicted.
Punjab Agricultural University (PAU) has developed two varieties of BT cotton whose plant’s seed can be used in the next season and has become the first agriculture institute to develop reusable seeds.