Home / Knowledge / News / Textiles / Cotton arrivals pick up speed, but MSP remains tricky issue
Cotton arrivals pick up speed, but MSP remains tricky issue
28
Oct '15
Cotton arrivals across India increased to approximately 50,000 bales per day and with the industry hoping for supportive lint prices, the market has become steady, according to media reports. The industry expects the 2015-16 cotton crop volume to range between 32.5 million to 38 million bales of 170 kg.

According to industry data, the Cotton Corporation of India (CCI) has been left with an unsold stock of approximately 12 lakh bales for which there is now a good demand because of high moisture content in the new cotton arrivals.

Earlier this week, the Indian Cotton Federation said that the CCI has planned to procure cotton to support the farmers to address the price fall below MSP levels. Textile mills have recently demanded the revamp of CCI for a fair cotton trade policy.

Cotton arrivals so far this season have touched 5 lakh plus bales against 4 lakh plus bales in the last season although acreage has shrunk from 126 lakh ha in 2014-15 to 117 lakh ha in 2015-16. The CCI expects cotton production to be less than the last year's by 5-10 lakh bales because of smaller acreage.

Across Punjab, Haryana and Rajasthan, Gujarat and Maharashtra, the arrival of cotton is gathering speed with approximately 10,000 bales per day. Cotton arrivals in Madhya Pradesh and Andhra Pradesh are 6000 and 5000 bales respectively.

Meanwhile the minimum support price for cotton could spark unrest among farmers in Telangana. The Centre has announced a MSP of Rs 4,100 per quintal for cotton. But the expected slump in output by 5-10 lakh bales this year, due to various reasons including white fly attack and sparse rains and an expected rise in cotton prices have spurred some farmers in Telangana to demand an MSP of Rs 5,000 per quintal. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Trinity Kubassek from Pexels

Textiles | On 19th Aug 2018

Australian wool production to fall 5.7% in 2018-19

Shorn wool production in Australia is likely to fall by 5.7 per cent...

Courtesy: Next Level Apparel

Apparel/Garments | On 19th Aug 2018

Blue Point Capital recapitalises Next Level Apparel

Blue Point Capital Partners has recapitalised Next Level Apparel, a...

Retailers approaching 100% inventory accuracy: Study

Apparel/Garments | On 19th Aug 2018

Retailers approaching 100% inventory accuracy: Study

With computer vision use cases maturing, Artificial Intelligence (AI) ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search