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

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search