All India cotton arrivals drop in fortnight ending Apr 30

All India cotton arrivals have dropped to approximately 85,000 bales per day. The total cotton pressed for the fortnight ending 30th April is approximately 3 crore 35 lakh bales as per trade sources. The unsold cotton stock with ginners and CCI which has 4 lakh bales, together is approximately 56 lakh bales as per trade sources. 

All India cotton arrivals have dropped to approximately 85,000 bales per day. The total cotton pressed till 30th April is approximately 3 crore#

 

Approximately 95 lakh bales have been registered for exports of which 92 lakh bales have already been shipped as per trade sources. 

 

As per newspaper reports there may be an increase in cotton sowings by 5% in the upcoming season. Monsoon is predicted to be average to below normal as per meteorological reports. In many tracts the pre-monsoon showers were reported and continued. 

 

Yarn exports during 2013-14 were reported to be up including made ups and fabrics. Thus, value addition has helped in over all employment and revenue. 

 

Since the cotton crop is more drought resistant and deep rooted, than any other cash crops, the area of sowing is predicted to be sustainable. Cotton prices also ruled steady to firm tendency all over. As per CCI, the arrivals as on 14.4.2014 were 295 lakh bales against 308 lakh bales same time last season.

 

Punjab /Haryana/Rajasthan:

The seed cotton arrivals further dwindled to less than 3000 bales a day on an average during the fortnight. Cotton lint prices were ruling on a firm tendency at the rate of Rs.4650 to Rs.4825 per maund spot for roller ginned J.34 lots. Monsoon is predicted to be below normal and there is good demand for BT cotton seeds from Farmers.

 

Gujarat:

During the end of the fortnight, no big transactions reported both in domestic and in export sales. Arrivals were around 30,000 bales, against total crop arrival of about 85,000 bales per day. Micronaire quality also deteriorated to a greater extent. Only stocks being held by ginners are of good quality, which are expected to be released during monsoon. Prices of 29mm and 3.8mic S.6, were quoted at around Rs.42,500 during the beginning of the fortnight and went up to Rs.44,000/cdy spot, during end of the fortnight. 

 

As per trade sources 106 lakh bales have been pressed in Gujarat till now and approximately 21 lakh bales are lying as stock in the form of kappas or bales with ginners and traders. The price for good S-6 cotton was Rs.43,500/-Spot per candy and good V-797 r/g was quoted at Rs.27,500/-Spot per candy.