Search Result for : Cotton Production

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 ...

The Dollar Business Bureau In the backdrop of the ongoing cash crunch, which emanated after the government demonetised high-value currency notes, cotton exports from the country has come to a standstill, as the farmers have delayed their shipments in the absence of cash payment. According to the industry officials, exports of 1 million bales of cotton from India have been delayed, after the demonetisation prompted the farmers to postpone sales. The supply crunch has substantially increased prices in India, which could force buyers to look out for other cotton-producing markets such as Brazil, the US and several African countries. It could also hinder India's total cotton exports in the financial year 2016-17 marketing year which started on October 1. November usually remains a peak supply ...

The Dollar Business Bureau  India’s cotton production is expected to increase by 3.8% in 2016-17 from a year ago period due to a sharp growth in yield in the aftermath of a favorable monsoon. On Monday, the Cotton Advisory Board (CAB) held a meeting, during which it estimated that the domestic cotton production could reach 35.1 million bales of 170 kg each for the cotton year 2016-17. The cotton year starts on October 1st every year. The output of cotton was 33.8 million bales last year. The total area under cultivation has fallen to 8.61 million hectare in 2016-17 from 10.68 million hectares in 2015-16. But Textiles Commissioner Kavita Gupta assured that this shift might change next year on account of a changing weather pattern. “We are estimating a bumper cotton crop this year because of a better monsoon ...

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 ...

The Dollar Business Bureau All Pakistan Textile Mills Association (APTMA) has asked its government to stop exporting cotton from Pakistan to India. The industry body is urging to protect the interests of Pakistan textile industry. Cotton exports to India without determination of the crop size for FY 2016-17 will hurt the textile industry in Pakistan, APTMA Chairman Tariq Saud said. The industry has already been burdened with 35% decrease in cotton crop production in the country during FY 2015-16. Due to this, it has been importing more than 4 million bales of cotton for its domestic consumption, he said. Cotton cultivation in Pakistan is expected to decline around 25% in FY 2016-17. This will ultimately result in low crop produce in the country. ...

The Dollar Business Bureau India’s cotton production, during the crop year 2015-16, is estimated to be 341.50 lakh bales, as per the Cotton Association of India (CAI). The industry body has put April estimate of cotton output at 341.50 lakh bales (1 bale = 170 kgs) for 2015-16 crop year (October-September). The overall output of cotton for the crop year 2014-15 was 382.75 lakh bales, the Association said in a statement. The lower estimate is primarily due to the damage caused to the crops by white-flies this year, in the northern region of the country. The total production of cotton in the northern area during 2015-16 season is expected to be 41 lakh bales, lower from 53.50 lakh bales a year earlier, ...

The Dollar Business Bureau Indian credit rating agency (ICRA) on Wednesday expressed concerns over limited growth in domestic consumption and exports of spun yarn and said a similar outcome in the financial year 2016-17 will pose a serious challenge for the Indian textile spinners. The report indicated that a tepid domestic consumption and subsiding exports of yarn will deter its volume growth as well as profitability of spinners. “The slow pace of growth in spun yarn production has been driven by factors like tepid domestic consumption and limited growth in exports. With cautious outlook on cotton yarn exports, domestic demand growth will determine the production growth going forward,” the agency said in its report. According to ICRA’s estimates, domestic consumption growth for cotton yarn ...

Deepak Kumar | The Dollar Business Citing the development of textile parks as a key agenda, the government on Wednesday proposed to establish at least three such units in each state to encourage textile production and push exports. “The government has given an utmost importance to selecting ideal locations for these textile parks. We urge the state governments to participate in this mission and promote domestic production. We aim to establish at least three such units in each state to strengthen India’s textile industry,” said Santosh Kumar Gangwar, Minister of Textiles. Last year, the government agreed to establish 22 new textile parks in various states, taking the total number of such facilities to 72. Expressing concern over the challenges faced by the ...