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All India cotton lint arrivals reduce drastically: ICF
09
Jun '15
All India cotton lint arrivals have reduced drastically in the last fortnight ending May 31, 2015 to approximately 20,000 bales, as farmers seem reluctant to sell their last stocks held by them.

According to an Indian Cotton Federation (ICF) report for the fortnight ended May 31, 2015, farmers are unwilling to sell stocks as they have got good prices in the last few weeks from ginners.

E-auctions conducted by the Cotton Corporation of India (CCI) have sobered down in the reporting period as against its previous fortnight, a period in which CCI received brisk enquiries from textile mills.

Severe heat wave condition is prevailing in all major cotton growing areas and the monsoon is predicted to be delayed a bit, due to which ICF said ginners too are not very eager to sell their stocks.

Ginners are expecting to get better prices in the near future, as textile mills are running on hand to mouth cotton stocks.

“In this situation if yarn prices improve, markets may sustain due to sentiments of delayed monsoon conditions,” ICF averred.

As per market reports, on an all India basis till May 31, approximately 3.66 crore bales of cotton have been pressed.

Approximately 88 lakh bales is lying unsold of which, CCI has stock of 71.75 lakhs bales and Maharashtra Federation has 3.25 lakh bales and the remaining is lying unsold with ginners and traders all over India.

Since cottonseeds are in demand, state governments like Maharashtra, Andhra Pradesh, etc are trying to help the farmers to get cottonseeds at a lower price.

Delay in the southwest monsoon is being monitored, although cotton sowing has already began in many tracts.

“Since cotton is available in sufficient volume with mixed quality, textile mills may get continuous supply for their regular needs,” the report informed.

Quoting experts, the report added that due to lack of demand, cotton lint prices may resettle in the near future.

Sounding an optimistic note, the report informed that due to a few encouraging cost benefits, farmers may retain the same cotton acreage in the ensuing season.

However, ICF advised textile mills to take judicial decisions regarding stocking of cotton.

Meanwhile, in its textile sector outlook, Dun and Bradstreet, which provides commercial information and business insights, said the textile sector is set to benefit from the ‘Make-in-India’ campaign.

It observed that the programme is expected to boost domestic as well as export growth in the Indian textile sector. (AR)

Fibre2fashion News Desk - India


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