Indian cotton markets record good arrivals

Kappas arrivals are good in Gujarat, Maharashtra & Madhya Pradesh as Farmers are getting good prices for their produce. In Andhra Pradesh and Karnataka Farmers are reluctantly bringing kappas in the market as they are not happy with the kappas prices they are fetching for their produce.

This is due to high micronaire value in the cotton in areas surrounding Guntur and many other pockets of Andhra Pradesh Cotton in Raichur too in Karnataka has high micronaire value compared to the previous years. As per CCI the cotton arrivals touched 84.31 lakh bales as on 22.12.2013 this season against 97.50 lakh bales same time last season.

NORTH ZONE [PUNJAB /HARYANA/RAJASTHAN]

During this fortnight, the inflow of seed cotton progressed crossing the daily average above 20,000 bales. Unit prices also in upward trend went around Rs.4400 per maund spot. Farmers group of the view that they expect atleast minimum spot prices to be Rs.5000 range to meet the cost of cultivation which will reduce their financial burden.

Those who can afford may wait to transport to Mandies expecting an increase in unit price. Few farmers started thinking of installing cc cameras to minimize crop theft. They need to mobilize support for mechanization to reduce dependence on manual labour. Mill buying is supportive to clear the stock pileup in Mandies. Foggy weather continued.

GUJARAT:

The daily kappas arrivals are approximately 65000 bales. Good quality S-6 is being procured at Rs.40,700/- spot per candy due to sudden surge in buying by both domestic Textile mills and exporters in the last 4 days. Kappas prices are around Rs. 4900 per quintal.

Weather is conducive and plants’ health is fine and bursting is normal.Quality variations are rampant. Lack of crop rotation is affecting the per ha yield.Nutrient management need to be motivated as per report by scientist who have visited the cotton fields in Gujarat.

MAHARASHTRA:

The kappas arrivals have suddenly improved in the last fortnight and approximately 50,000 bales are arriving daily.The prices for good quality Bunny is quoted at 39,900/-Spot per candy in areas surrounding Wani in Vidharbha while in Khandesh it is sold at Rs.39,600/- Spot per candy. Farmers are unable to hold for long due to lack of storage facilities and foggy weather. Farmers are not happy with ruling prices.