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Indian cotton arrival reaches 37.875mn bales: Report
01
Jul '14
The arrival of cotton in Indian markets has touched 37.875 million running bales of 155-157 kg each by June 30, 2014, according to the latest monthly analysis of cotton market released by Arun Kumar & Company.
 
In Gujarat, 12.225 million bales of cotton reached the market, while the adjoining state of Maharashtra recorded arrival of 8.575 million bales by June-end, the report showed.
 
Cotton arrivals of 7.05 million bales and 4.4 million bales were registered in Andhra Pradesh and North Zone markets, respectively, according to the report. Karnataka and Madhya Pradesh recorded cotton arrival of 2.35 million bales and 1.975 million bales, respectively, by June 30, during the current cotton season.
 
The report estimates Indian cotton crop in 2013-14 season at 39 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.
 
Currently, around 4 million running bales of unsold stock is lying with the ginners, the report said.
 
In 2013-14, cotton export registration has already touched 10.5 million bales, of which, around 9.7 million bales have been shipped so far.
 
The report expects domestic mill consumption of cotton in 2013-14 season, that ends on September 30, 2014, to increase to 26 million bales, compared to last season’s consumption of 23.5 million bales, due to increase in yarn exports and good demand in domestic market.
 
The Cotton Corporation of India has purchased about 400,000 bales so far during the ongoing season.
 
“Sowing for the next cotton season is about 95 percent complete in North Zone, and it has started in other cotton growing states like Gujarat, Madhya Pradesh, Andhra Pradesh, Karnataka and Tamil Nadu,” well-known cotton trader Arun Dalal told fibre2fashion.
 

Fibre2fashion News Desk - India

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