Geojit's report on Agri Picks
The deadly second wave of the COVID-19 pandemic brought the country to its knees, but among sectors that stayed afloat was cotton that finds heavy use in the medical sector. India received 6.3 mm rainfall today, 10% below the long period average of 7.0 mm, according to India Meteorological Department. Central India, however, received 26% above-normal rainfall at 10.9 mm. Conditions are not favourable for the southwest monsoon to advance further to remaining parts of Delhi, Rajasthan, west Uttar Pradesh, Haryana, and Punjab, the India Meteorological Department said. The Spices Board of India will resume electronic auctions of small cardamom at its auction centres in Kerala's Puttady and Tamil Nadu's Bodinayakanur from Saturday, following approval from district authorities. The deadly second wave of the COVID-19 pandemic brought the country to its knees, but among sectors that stayed afloat was cotton that finds heavy use in the medical sector. Driven by this key factor and India's competitive pricing in the export market, Pradeep Agarwal, chairman-cum-managing director of The Cotton Corp of India Ltd, expects the upcoming season starting October to be a good one for Indian cotton. The UK-based Cotton Outlook has scaled up its estimate for global consumption in 2020-21 (Aug-Jul) by 530,000 tn to 25.3 mln tn owing to strong demand from India, China and Vietnam.
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