Indias cotton planting area likely to rise by 15% to a 3yr high as prices increase
The Dollar Business Bureau Buoyed by increasing cotton prices, Indian farmers have started sowing cotton in a larger area. Sowing has begun on a stronger note in Haryana, Punjab, Karnataka for the 2017-18 season. India is the world’s biggest producer of cotton and a higher output in the country could enrich the cotton farmers who have been under distress due to prolonged drought, adverse market conditions, non-payment of bank loans and climatic aberrations. India’s current cotton crop for the season ending this September is expected to be 170 kgs or 34.1 million bales. According to M.M.Chockalingam, Chairman of the State run Cotton Corporation of India, “this year farmers received higher prices, so they are going to raise the area under cotton. We are ...
Cotton output could drop to 338 lakh bales in 2015-16
The Dollar Business Bureau Cotton holds a special place to Indians as its sentiments date back to the Indian independence movement when the handloom industry was systematically destroyed by the imperial rulers. Since then cotton which was hitherto imported during independence, became the mainstay for farmers, and India achieved self-sufficiency to becoming a raw cotton exporter. Within no time it became one of the largest producer of cotton in the world. That was then. In the present scenario, India’s cotton output is likely to decline 12.4% to the lowest in 5 years for the current crop year Oct 2015 – September 2016, due to extensive crop damage in 5 major cotton producing states. On Wednesday, the Cotton Advisory Board (CAB), Ministry of Textiles released a statement ...
Indian cotton exports to decline in 2014-15
Sai Nikesh | The Dollar Business Reproving the reports that ‘Indian cotton prices have gone up on hopes of fresh export demand’, Indian Cotton Federation (ICF) opined that cotton situation in 2014-15 season that started in October 2014, in all terms, is most likely to remain the same to what it was in 2013-14 season. Speaking to The Dollar Business, K N Viswanathan, Vice-President, ICF, said, “Going by sowing figures and cropping situation till date, Indian cotton prices in 2014-15 season that is going to last till September 2015, is likely to remain around 35,000-35,500 per candy of 355 kg under Shankar-6 variety benchmark, almost similar to what it was in 2013-14.” On reports over occurrence of fresh export demand for Indian cotton, ...
