KARNATAKA:
Cotton Corporation of India (CCI) has started procurement of Kappas from Madhya Pradesh, Orissa and Karnataka in addition to Andhra Pradesh where they#
Cotton here is very good at the moment and is in very good demand from Mills in the south due to proximity and savings in freight as well as very less transportation period of the cotton bales. The prices for good quality Bunny in Bailhongal is Rs.34500/- Spot per candy while in Raichur, it is quoted at Rs.33,700/- Spot per candy but the moisture and grade is affected in Raichur due to rain damaged the cotton arriving in the market here. The quality is expected to improve within a period of 10 days in Raichur.
TAMILNADU:
Many Textile Units in Tirupur have completely controlled water pollution problem with the help of new technology in dyeing and processing of fabrics. Textile Mills are buying very cautiously and are having minimum stocks to avoid being hit by the market fluctuations. As per reports, power problems may continue till the month of February. Cotton crop arrivals also will start in a couple of weeks. Cotton plants were thirst of water in many tracts.
INTERNATIONAL:
The New York Index seems to be firming up to around 75 cents per lbs. Ginners in Pakistan have urged their Government to impose a duty on cotton imports from India in order to safeguard their interest.
Indian Cotton Federation
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