Home / Knowledge / News / Textiles / Cotton output to fall to 390 lakh bales in 2014-15
Cotton output to fall to 390 lakh bales in 2014-15
24
Apr '15
Untimely rains and hail storm across the country have forced the government to lower the estimates of cotton production for the 2014-15 season to 390 lakh bales from 400 lakh bales. One bale is of 170 kg.

"Due to untimely rains/hail storm across the country, cotton crop prospects were adversely impacted particularly in central zone. Due to switching over from other competing crops, cultivation of cotton in southern zone was expected to increase further.

"Accordingly, the cotton production estimates have been revised from 400 lakh bales to 390 lakh bales for the year 2014-15," textiles minister Santosh Kumar Gangwar said in a written reply to the Lok Sabha.

The main cotton growing states include Rajasthan, Telengana, Andhra Pradesh, and Tamil Nadu. Total demand is estimated to be at 390 lakh bales in 2014-15, compared to 416.80 lakh bales in the previous season.

According to the Cotton Advisory Board (CAB) data, cotton export is also estimated to fall drastically to 70 lakh bales in this season compared to 117.92 lakh bales in 2013-14, due to lack of demand from China.

The Cotton Corporation of India (CCI) has so far procured 83 lakh bales at the minimum support price (MSP) against an expected procurement of around 90 lakh bales during the 2014-15 season.

Cotton MSP was increased by the government by Rs 50 per quintal to Rs 3,750 for medium staple and to Rs 4,050 for long staple for 2014-15 season.

Gangwar also said that the cost of Indian cotton is not higher than the international prices.

"Cotton exports from the country are under open general licence and being a cotton surplus country, sufficient cotton is available for domestic mills," he said.

But domestic cotton mills have been complaining to the government that the CCI is not releasing enough cotton in the market leading to a severe shortage of the raw material. (SH)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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:
May 2017

May 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