Home / Knowledge / News / Textiles / ICF hikes cotton crop estimates on improved yield
ICF hikes cotton crop estimates on improved yield
21
Apr '14
The estimated cotton crop of India is 3 crores 75 lakh bales of which approximately 3 crore bales have arrived in the cotton market. Out of this 85 lakh bales have been registered for exports as per trade sources and 80 lakh bales of cotton has already been shipped. ICF at its board meeting held on 28.3.2014 revised upwards its cotton crop estimate from 361 lakh bales to 376 lakh bales as the yield has improved in Andhra Pradesh and Maharashtra. 
 
Director of Agriculture, Govt. of Tamil Nadu held a meeting on 28.3.14 at Chennai to discuss the implementation of the newly announced Rs.50 crore outlay of cotton development mission for Tamil Nadu to increase the area and yield of cotton. Our Hon. Secretary Shri A. Ramani attended. Cotton prices ruled steady and may go up once the arrival slows down. Quality lots are in demand.
 
NORTH ZONE [PUNJAB /HARYANA/RAJASTHAN]
During this fortnight, cotton arrivals are continuing with on an average daily arrival of 10000 bls. Cotton prices ranged Rs.4450 to 4600 per maund spot for roller ginned J.34 lots. Mills were cautious but trade transactions were normal. Exporters positioned along with domestic users in Mandies. Farmers group solicits more price support as cost of cultivation spiraled upwards. Group discussions also held on how to manage next sowing season. Hot summer prevailed now days.
 
GUJARAT
In Gujarat, for the past 15 days, no major transactions reported, due to accounting year closing, as most ginners were not in a mood to sell, and expecting rates to go up, to sell their stock lots. Throughout the fortnight under reference, arrivals were about 45,000 to 50,000 bales per day. The ruling rates were around Rs.42,500 to Rs.42,800 /cdy spot, with micronaire about 3.8, quoted at a premium. As far as S.6 quality is concerned, many variations noted in Staple and Mic, and hence transactions were reported to be below normal.
 
The prices for good quality 28.5mm S-6 is Rs.43,000/-Spot per candy.26mm low quality S-6 is sold at Rs.36,500/-Spot per candy. Good quality V-797 r/g is quoted at Rs.27,000/-Spot per candy. Precleaned V-797 r/g is sold at Rs.29,000/-Spot per candy.
 
MAHARASHTRA
Quality is quickly deteriorating in most of the cotton centres. The hailstorms and showers last month may lead to increase in production of the kappas in the standing cotton plants in some irrigated pockets but quality may be poor. Good quality 29 mm Mech-1 in Wani is quoted at Rs.41,500/-Spot per candy. The lower types of 27.5 mm of low micronaire value is quoted at Rs.37,500/-Spot per candy.

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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:
April 2017

April 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