Indian cotton arrivals dipping, says ICA

Daily kappas arrivals have dropped to 5000 bales approximately. Monsoon has set in many parts of coastal Maharashtra and many parts of Marathwada and Khandesh. Some showers have been experienced in Vidharbh area too. Farmers may start sowing for the new season shortly if nature supports in the same manner.

Good quality Mech-1 of 29mm was priced at Rs.39,500/-Spot per candy. while low micronaire cotton was priced at Rs.37,000/-Spot per candy. Farmers began their preparations also releasing their carry over stocks. Due to good rains, Farmers have option to switch over to other crops like soya beans and macca over and above cotton.

MADHYA PRADESH:

Good quality Dch-32 was quoted at Rs.51,000/- Spot per candy while good bunny was priced at Rs.39,500/ -Spot. There has been a few mild pre monsoon showers and if this continues it would be helpful to the Farmers to start the sowing for the coming season. Land preparations are brisk as machine ploughing is more popular. Cotton area may not dwindle as per cotton experts.

In M.P DCH 32, rates started moving up from Rs.49,500/cdy to Rs.50,500 / candy spot from the beginning of this fortnight, due to overall demand for quality lots. Bunny 29mm quality rates are also in the upward trend, in consonance with rates prevailing in Maharashtra and Karnataka. Bunny rates moved up by Rs.500 to Rs.600 /cdy spot and ruling at Rs.39,500/cdy spot for 29mm quality.

ANDHRA PARDESH

Monsoon has arrived in Andhra Pradesh and parts of Adilabad in the Northern side to Guntur in the Southern side have received rainfall and Farmers may start sowing for the new season shortly if nature supports consistently. It is reported that sowing of cotton may reduce this season as Farmers may shift to other crops.

Prices of good quality 29mm Bunny in Adilabad was Rs.39,500/-Spot while good quality CCI lots were being purchased by a lot of South and local Mills at Rs.41,000/-Spot per candy. Andhra pradesh Govt. is working on the distribution prices of Cotton seeds to ease the market sentiments and encourage seeds sale. Farmers are demanding for a rational approach along with decentralization of quality seed distribution.

KARNATAKA:

Parts of Karnataka bordering Goa and North Karnataka upto Bijapur and South Karnataka upto Mysore have received good rainfall consistently and Farmers have started sowing for the new cotton season. In North Karnataka there is a drop of 10% in sowings till now and may be compensated by good yield as some Farmers have shifted their sowing to Corn.

Areas like Bailhongal are in need of some more rains to help sowing for the new season. Parts of Raichur,Gulbarga and areas bordering Andhra Pradesh have also received good rains and cotton seed sales have also gone up in this belt as many of the areas here have canal irrigation from river Krishna and river Tungabhadra.

So a reasonable amount of rainfall can help Farmers to start sowing for the new season. Upper Krishna Project [UKP] project areas of around 4 lakh acres have no moisture stress. Prices for good quality 30mm bunny stock lots is Rs.42,000/-Spot per candy and good DCH-32 is quoted at Rs.52,000/-Spot per candy. Jayadhar was quoted at Rs.32,000/-Spot per candy.