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All India cotton arrivals fall in fortnight ending May 31
12
Jun '14
The all India kappas arrivals per day are approximately 70,000 bales per day for fortnight ending May 31. As per trade sources till now approximately 3 crore 60 lakh bales of kappas have arrived in the market out of the expected crop of 3 crore 71 lakh bales are predicted. Also reports from trade sources say that 95 lakh bales have been shipped out of the 1 crore bales registered for exports. 
 
In most of the present kappas arrivals all over India quality has dropped drastically as the monsoon season is coming close. As Farmers have received good rates for their kappas all through the season, they may be motivated to sow more cotton in the upcoming cotton season. Cotton prices may elevate on the slowdown of arrivals.
 
Monsoon is on the kick start stage in a couple of days. Farmers group already reports of collecting proper inputs like seed, manure and soil leveling, arranging initial water facilities etc. BT cotton had removed their worries on the serious menace of pest attack, during last two seasons in particular.
 
Punjab /Haryana/Rajasthan:
During the current fortnight, cotton sowing is almost on completion stage with more of BT seeds. Early sown plants, germination could be seen in some tracts. Kappas arrivals are almost over. Cotton prices are on a sober level as the quality lots were already over. Local prices of J.34 Roller ginned ranged from Rs.4600 to 4750 per maund spot of average quality as per trade sources. Cotton planting area may sustain as last season. Cloudy weather could be seen.
 
Gujarat:
In Gujarat, daily arrivals dropped to 20000 bales against All India average of about 75000 bales. During last fortnight, total arrivals were about 30,000 bales in Gujarat against All India average of 75000 bales. Inspite of drop in arrivals, prices are ruling weak due to two issues, like quality deterioration and weak domestic and export demand. Prices of S.6, was ruling as on date Rs.41,500 to Rs.42,000 spot per candy for 28.5 mm to 29mm staple length. Micronaire is an issue, and more of admixture with further (second and third picking) quality is reported, resulting in bale to bale mic variation. Average quality 28mm S-6 is quoted at Rs.40,000/- spot per candy while good stock lots are sold at Rs.43,000/- spot per candy.


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