Trade war and India’s lowered cotton output are enablers for new market opportunities for United States’ cotton in India.
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A team of CAI Directors led by the CAI President, Atul S Ganatra held a meeting with Dhruv Sood, a local representative of the United States Department of Agriculture (USDA) based in Mumbai very recently to reconcile USDA crop numbers relating to India with the CAI crop numbers.
Building demand for cotton is needed as good production potential is expected in near future.
The Centre has marginally lowered the maximum sale price of Bt cotton seeds (BG-II) for a 450-gram packet to Rs 730 for the 2019-20 season.
The Egyptian government has appointed an official steering committee to safeguard the future of the Egyptian Cotton brand.
Due to uncertainties in the world economy and trading market, the International Cotton Advisory Committee (ICAC) Secretariat has revised its global consumption forecast for 2018/19 downward to 27.5 million tonnes.
Cotton is finding applications as novel biomaterials. Professor Noureddine Abidi, Managing Director of Lubbock-based Fiber and Biopolymer Institute (FBRI) at Texas Tech University is using waste and low-grade cotton to develop bio-products that could find many non-conventional applications for cotton.