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 ...
Indias cotton exports expected to recover on market factors
Indias cotton exports have been hit by import restrictions in China, the worlds largest importer, but a weakening rupee and arrival of better quality crop improve prospects The Dollar Business Bureau Cotton prices may have bottomed out and exporters can look forward to market stabilisation and an improvement in exports in the coming few months due to market factors and changes in policy. India is expected to become the worlds largest cotton exporter this year, but cotton exports are forecast to decline to around 5 million (480 lb) bales in 2014-15, which is down almost 47% from the previous year mainly due to lower imports by China. This had led to a decline in prices in India as well. According to the Cotton ...
Indias cotton exports forecast to decline 35% in MY2014-15
The Dollar Business Bureau | @TheDollarBiz After rising by almost 19% y-o-y in MY2013-14, India’s cotton (raw) exports are expected to decline sharply by almost 35% this year, mainly due to lower demand in China. According to the USDA Post in New Delhi, India’s cotton exports in the marketing year beginning August 2014 are forecast to decline to 1.3 million tonnes (around 6 million 480 lb bales), which is down about 34.8% from an estimated 2 million tonnes (around 9.2 million 480 lb bales) exported in MY2013-14. India is the world’s largest cotton producer (about 6.7 million tonnes) and the second largest exporter of cotton. India’s cotton exports have grown in the last few years, in tandem with growth in China’s imports. ...
