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Indian cotton arrival up 17.79% by April 30
May '14
The arrival of cotton in Indian markets has increased by 17.79 percent year-on-year to 33.575 million running bales of 155-157 kg each by April 30, 2014, according to the latest monthly analysis of cotton market released by Arun Kumar & Company.
By April 30, about 33.575 million running bales of cotton have arrived in the market, compared to the arrival of 30.2 million bales during the corresponding period in the previous season, says the report.
In Gujarat, 10.6 million bales of cotton reached the market, while the adjoining state of Maharashtra recorded arrival of 7.4 million bales by April-end.
Cotton arrivals of 6.075 million bales and 4.3 million bales were registered in Andhra Pradesh and North Zone markets, respectively, according to the report. Karnataka and Madhya Pradesh recorded cotton arrival of 2.15 million bales and 1.85 million bales, respectively, by April 30, during the current cotton season.
The report estimates Indian cotton crop in 2013-14 season at 37.5 million running bales compared to production of 34.5 million bales in 2012-13 season that ended on September 30 last year, despite a marginal decrease in crop area.
So far, cotton export registration has touched 9.5 million bales, of which, around 9.2 million bales have already been shipped, according to the report. Meanwhile, yarn exports have increased by about 35 percent over last year.
Currently, around 5.6 million running bales of unsold stock is lying with the ginners, as against the inventory of 6.4 million bales during the same period last year, the report said.
“At present, average per day cotton arrival is between 90,000 and 100,000 bales compared to the requirement of 80,000 bales. This is the right time to purchase cotton for those mills who want to increase their stock,” well-known cotton trader Arun Dalal told fibre2fashion.

Fibre2fashion News Desk - India

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