In its revised estimate, the Cotton Corporation of India has projected that production will touch 337 lakh bales, better than the previous year’s level, but still below the 352 lakh bales of 2020-21.
Cotton prices see a six-week low. India's cotton output is expected to decline by 23.05mln bales. We talk about soft commodities dividends on global demand in this edition of Commodities. Watch Commodities Live with Manisha Gupta.
The total cotton production in the last season was estimated at 307.05 lakh bales, CAI said in a statement
The total cotton production in the last season is estimated at 307.05 lakh bales, the CAI said in a statement.
The government will present its last full budget on February 1 before going for the general election in 2024 and as we come out of the 3 years of the pandemic, the focus is expected to completely shift from support and recovery to growth. In the run-up to the Budget, we present you the MC Macros & Markets, where we list key expectations of various players from the commodities markets, such as cotton, wheat and edible oil. Also, what do the macros and markets expect from for FM Sitharaman from the upcoming Budget 2023? Let’s find out.
The cotton production in the current season that started on October 1, 2022, is expected to decline by 2 lakh bales each in Maharashtra, Andhra Pradesh and Karnataka to 82.50 lakh bales, 13 lakh bales and 22 lakh bales, respectively.
The trading will remain suspended to revise contract specifications in consultations with various stakeholders and also allow "wider value-chain participation"
The cotton output had dropped sharply to 6.45 lakh bales in the last 2021-22 season due to the pink bollworm insect attack against more than 10 lakh bales in the previous year.
In India, the top-producing country, heavy rains and pests have cut into cotton crops so much that the nation is importing supplies.
July data showed the global cotton textile trade has been coming off from its highs. The export of cotton yarn, fabrics and handlooms products from India during the month, according to industry sources, declined by about 28 per cent year-on-year
The world’s biggest producer of the fibre had allowed duty free imports in April after local prices jumped to a record high because of a drop in the production and following rally in global prices
The CAI Crop Committee has estimated the total cotton supply till the end of the cotton season 2021-22, that is up to September 30, 2022 at 402.16 lakh bales, which is 11.47 lakh bales less compared to 413.63 lakh bales estimated previously.
Higher output could help cool the rally in global and local cotton prices, which is hurting Asian apparel makers.
Losses have mounted for garment makers in Asia, among the region's top employers, with some smaller units suspending operations, rendering thousands jobless, undermining a recovery from the pandemic and posing a fresh challenge for policymakers already battling high inflation.
The minister for Textiles and Commerce & Industry held an interactive meeting with the newly constituted Textile Advisory Group in Mumbai on Saturday to address issues relating to augmenting present supplies of cotton and also strengthening productivity.
South Indian spinning mills are being shut down, citing the unprecedented rise in cotton prices. The Indian textile industry is at risk of becoming uncompetitive
Narendra Goenka said that the prices have jumped by about 125-130 per cent during the last 18 months and one of the reasons for that would be "unchecked" exports of cotton and cotton yarn.
The cotton & textile industry is set to form a committee, and submit specific suggestions to the Textile Ministry to tackle price inflation and the demand for export ban. Tune in as Karunya Rao and Manisha Gupta discuss the next steps
Piyush Goyal asked the stakeholders to resolve the price rise issue with collaboration without pushing the government to intervene which, the minister warned, would have a long-term impact on cotton value chain, the ministry said in a release.
Watch Karunya Rao and Manisha Gupta discuss the rising cotton prices and whether the government will ban exports on cotton.
Desperate farmers, faced with ever increasing input costs and newly emerging threats to yields from resistant pests, are voting with their feet and simply planting GM crops, illegal or not. This unregulated mixing of GM foods into the agriculture supply chain has unforeseeable consequences of the environment as well as safety of consumers
EU has proposed a ban on Russian oil & gas as it plans to phase them out in six months. Watch Karunya Rao and Manisha Gupta dissect market impact.
Indian cotton prices are on the rise, doubling in less than 1 year. Govt may end up imposing temporary ban on cotton exports and impose quantitative restrictions. Watch Manisha Gupta and Karunya Rao discuss the price rise and its implications on the textile industry and more.
South India Small Spinners Association (SISPA) on Thursday said the removal of import duty would help the mills affected by frequent rise in the cotton prices to buy cotton at cheaper prices and also help more arrivals, SISPA president J Selvan said in a statement.
Cotton prices in India hit an all-time high and the global prices climbed to 10-year highs. Join Karunya Rao and Manisha Gupta in live as they discuss the impact on market and consumers.