Indian cotton & yarn markets sluggish in Nov

The kappas arrivals have started increasing at various centres like Haveri, Ranebennur, Chitradurga, Raichur, etc. The quality in Raichur, Bellary is poor at the moment due to heavy rains in Andhra Pradesh in the last fortnight and 70% kappas arrivals are rain damaged Cotton and have yellow spots and black spots. The quality in North Karnataka in areas surrounding Hubli, Haveri, and Bailhongal is very good at the moment.

The price for good quality bunny is Rs.41,500/-Spot per candy in Hubli while in Raichur Bunny is quoted at Rs.41,000/- Spot per candy Good quality Dch- 32 is quoted at Rs.55,000/- to 56,000 Spot per candy.

TAMILNADU :

Small arrivals reported in Coimbatore Dist. Cotton crop is 90 to 100 days old in northern belt and in south 60-70 days old. Flow of arrivals will pick up in first week of December 13.

INTERNATIONAL :

Range bound trading was noted in New York with prices ranging from 76 cents to 78 cents. The fortnight closed at 77.12 cents. Volumes were limited and anxiety on Chinese buying is said to be one of the reason for sluggish prices. Cotlook index recorded 83.90 cents on 15.11.2013.

Cotton production will dwindle in 2013-14 while consumption will improve as per both ICAC and USDA. In Pakistan market witnessed upward movement. China plans better cooperation in Textile between India/China. Australia predicts highest cotton yield o to touch 2107kgs/ha in 2013-14.In Turkey cotton exports are up.

Indian Cotton Federation