Home / Knowledge / News / Textiles / Indian cotton output to dip 5%: Cotton Association
Indian cotton output to dip 5%: Cotton Association
19
Nov '12
India’s cotton production for the current year is likely to decline by five percent from last year’s 37.3 million bales of 170 kg each to 35.4 million bales, according to the estimates released by the cotton Association of India (CAI).
 
Largely impacted by delayed arrival of rains in Andhra Pradesh and Maharashtra, the country’s cotton cultivation acreage has declined by three percent this year. However, the crop prospects look positive, the association said in a press release.
 
Including the opening stocks of 5.3 million bales and imports of 1 million bales, the total cotton stocks would reach around 41.7 million bales, CAI noted.
 
The association further stated that after meeting domestic consumption of 26.6 million bales, the country would be left with 15.1 million bales of cotton to cater to the export market, which is higher than the 12.7 million bales exported from the country during last year.
 
Much lower than the CAI’s estimates, the Cotton Advisory Board (CAB) has projected the country’s crop output at 33.4 million bales. The estimate is five percent lower than the Board’s last year’s estimate of 35.3 million bales.
 
With sluggishly moving global economies, particularly China, which accounts for around 65 percent of India’s cotton exports, CAB foresees India’s cotton exports to decrease by 45 percent from last year’s 12.8 million bales to 7 million bales this year.
 
It also expects the high global inventory of 13.9 million bales to restrain India’s exports. In such a scenario, CAI recommends that the Government should adopt export friendly policies.
 
Envisaging a sharp decline in cotton prices, the Indian Government recently hiked the minimum support price (MSP) for the commodity. MSP of medium staple cotton has been increased from Rs. 2,800 per quintal to Rs. 3,600 per quintal, while that of long staple cotton has been hiked from Rs. 3,300 to Rs. 3,900 per quintal.
 
The Government’s effort is expected to bring stability to cotton prices which have already undergone a sharp fall.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search