Home / Knowledge / News / Textiles / Substantial cotton crop loss expected in Maharashtra
Substantial cotton crop loss expected in Maharashtra
04
Nov '09
The Maharashtra State Cotton Growers' Co-operative Federation will finally launch its cotton procurement season on November 5, which will begin from Wardha. Initial estimates had indicated a cotton crop of 3.5 million tons, which has now been revised to 3.0 million tons due to a bad monsoon.

Fibre2fashion spoke exclusively to Mr N P Hirani, Chairman, The Maharashtra State Cotton Growers' Co-operative Federation who said, “Yes we are going to do inauguration ceremony on November 5 at Wardha, which will entail the beginning of the cotton procurement season.

“There after we are planning to open centers in other parts of Maharashtra as per needs arising in future. Last year there were about 250 centers in whole state, but this year, it will be decided according to the needs.

“This year total cotton crop in Maharashtra state is expected to be around 3.0 million tons out of which our federation is expected to receive about 2 million tons and if at all there is a short fall in the cotton crop production, due to rains & other difficulties than there will be deficit in total cotton production by 40%.

He also mentioned that there has been a continuous rise in price of cotton since the last 15 days and prices have increased by around Rs 2,000 per candy (1 candy=315 kg) from Rs 22,000 per candy to Rs 24,000 per candy.

The state government has provided Rs 1 billion as margin money and stood guarantee for bank loans of Rs 5 billion to ensure prompt and fast payment for all the cotton procured from the farmers.

According to him as per the current trends, the price of cotton is rising which could benefit the cotton farmers and they could sell their produce in the open markets instead of to the federation to derive more profits.


Fibre2fashion News Desk - India

Must ReadView All

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...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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