President highlighted the pressing issue of low cotton production in India, attributing it to outdated BT seed technology, climate change, and the El Niño effect. The…
Browsing: cotton trade
World cotton imports are projected to remain unchanged at 7.6 mn t in 2015-16. While China is likely to remain the world’s largest importer in 2015-16, its imports are forecast to fall by 12 per cent to 1.6 mn t.
World cotton imports are projected to remain unchanged at 7.6 mn t in 2015-16. While China is likely to remain the world’s largest importer in 2015-16, its imports are forecast to fall by 12 per cent to 1.6 mn t. This represents 30 per cent of its peak volume of imports in 2011-12.
India’s cotton textile exports grew by 26 per cent at $6,235 million in the first six months ended September 2018 and the on-going trade war between US and China will open up new export opportunities, the Cotton Textiles Export Promotion Council (Texprocil) said.
Among the major cotton producing countries, India holds the largest area under cotton cultivation, which covers around 11-13 million hectares of agricultural land constituting about 40 per cent of world’s total area under cotton cultivation, says Amit Gugnani of Technopak.
The currency imbroglio that is currently experienced in India following a cash shortage is hurting the cotton trade. With farmers seeking to sell their produce only in cash, the scarcity of notes has led to daily cotton arrivals declining by almost 50 per cent.
The currency imbroglio that is currently experienced in India following a cash shortage is hurting the cotton trade. With farmers seeking to sell their produce only in cash, the scarcity of notes has led to daily cotton arrivals declining by almost 50 per cent.