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 ...
Control GM seed price, not licensing fee: Experts
Sharath Chowdary The Union government had recently withdrawn the notification on licencing guidelines for genetically modified seed technology issued on May 18, 2016. Experts from the industry have welcomed the government’s decision to withdraw the conditions on GM seed licencing fee. According to them, the earlier notification was disastrous to the industry as it would have sent wrong signals to foreign investors. The new decision has once again sent a positive note on the future of the textile industry, J. Thulasidharan, Vice Chairman of Confederation of Indian Textile Industry (CITI) told The Dollar Business Bureau. The CITI is an apex national body of the textile industry. Thulasidharan is the Managing Director of Rajaratna Mills Ltd and also the President of the Indian Cotton ...
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, ...
India likely to be the leading producer of Cotton in 2015-16: USDA
Sai Nikesh | The Dollar Business The global production of cotton in 2015-16 is expected to decline 6% over the previous season to 111.3 million bales, said the United States Department of Agriculture (USDA), in its latest release. By accounting for 26.5% of total production, India is expected to be the leading producer of cotton during 2015-16, the report added. However, according to the USDA’s projections, India’s cotton production during 2015-16 will decline for the second consecutive year and is expected to come down to 37.15 million bales due to delayed sowing, weather and low price realization, among other reasons. Meanwhile, statements by K N Vishwanathan, Vice-President, Indian Cotton Federation (ICF), remain in contrast to the USDA projections. Speaking to The Dollar ...
