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Cotton arrivals begin in Punjab & Haryana

16
Sep '09
Numbers of mandis in Punjab and Haryana have started witnessing the arrival of 2009-10 cotton crops. The daily arrivals from the two states are 2,000 to 2,800 bales (1 bale = 500 kg) of un-ginned cotton.

In Punjab, markets like Abohar, Malour, Gidderbaha have started witnessing cotton arrivals, while in Haryana the Dabwali, Sirsa, Kallanwali and few more markets have seen cotton arrivals in recent days.

All these mandis have seen the arrival of 10,000-12,000 bales till now.

High moisture content in the atmosphere ranging from 15-20 percent forced farmers to sell the un-ginned cotton at Rs. 2,450-2,750 per quintal, though the MSP was at Rs. 2,700-2,800 per quintal.

In the previous year, the cotton arrivals had picked-up due to the timely sowing by this time, however, moderate rainfalls in the past few days delayed the arrival of cotton crops this year.

The Cotton Corporation of India (CCI) has not started the procurement process and was expected to enter the market after the cotton arrivals pick-up. It has an unsold stock of about 62,000 bales and about 2,000 bales in Punjab and in Haryana respectively.

Delay in monsoon resulted into the low yield of cotton crop. This year, cotton had been sown on over 13.33-lakh hectares of land compared to 11.09 lakh hectares in 2008, in northern areas of Punjab, Rajasthan and Haryana.

This year the production of cotton is targeted at about 45 lakh bales, informed the Northern Indian Cotton Association (covering the state of Punjab, Haryana, and Rajasthan).

Fibre2fashion News Desk - India


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