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Indian cotton arrival up 12% by Jan 31
Feb '14
The arrival of cotton in Indian markets has increased by 12.16 percent year-on-year to 17.85 million bales of 170 kg each by January 31, 2014, according to the latest monthly analysis of cotton market released by S. Ajay Kumar & Company.
By January 31, about 17.85 million bales of cotton have arrived in the market, compared to the arrival of 15.914 million bales during the corresponding period in the previous season, says the report.
The highest increase in cotton arrival was in Gujarat, where 6.194 million bales of cotton have reached the market, showing a rise of 66.66 percent year-on-year.
Cotton arrival in Tamil Nadu, Karnataka and Madhya Pradesh also increased by 50.06 percent year-on-year, 47.83 percent and 41.23 percent, respectively.
In terms of quantity, Andhra Pradesh, Maharashtra and North Zone have received 3.335 million bales, 3.049 million bales and 2.889 million bales of cotton by January 31.
Compared to exports of 4 million bales by January 31 last year, about 5.8 million bales of cotton have been exported this year, showing a growth of 45 percent year-on-year. However, in January, Indian cotton price was not very viable to bag enough export orders, and hence, very few export orders are now pending.
In 2012-13 cotton season, India’s production is estimated at 38.1 million bales.

Fibre2fashion News Desk - India

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