All India cotton arrivals fall in fortnight ending May 31

Tamil Nadu:

The recent announcement by the Government of Tamilnadu that there will be no powercuts from June comes as a welcome relief as the Textile industry lost a lot of revenue due to severe power cuts in Tamilnadu and Andhra Pradesh last year which benefitted the North India Textile industry.

The all India kappas arrivals per day are approximately 70,000 bales per day for fortnight ending May 31. As per trade sources till now approximately #

 

Summer crop/Masipattom arrivals will start in June14 from Boothappady, Konganapuram, Kolathur tracks etc. Area and crop volume will be little more than last season due to BT effect. Recent rains helped standing crops. Timely monsoon is expected and Farmers are procuring inputs and soil preparation began. Removal of powercut also will help farmers to run their borewells and economise through drip irrigation as per Farmers group. Prices were steady. But quality lots are in demand. Shortage of supply is not reported. Mill demand is on an increase as they need to plan for next quarter. Tiruppur exporters association has called for reduction of Rs.10 per kg in yarn prices by the Mills.

 

International:

The New York futures lost and is maintaining around 86 cents per lbs. Huge stocks lying with the international trading community and the fall in international cotton prices is reflecting in the form of losses to the international cotton merchants at the moment. 

 

A Index spoted at 90.70 on 30.5.2014. India had overtaken Germany and Italy, is No.2 in Textile exports of 2013 as per data of AEPC. India positioned at $40 billion in value exports while China at $274 billion. India may achieve 22% growth in cotton production in 2022 while China may drop by 17% in 2022 as per a report of Agricuture outlook 2013-22. Benin, a west African country to produce 400000 tons of cotton in 2014-15. 

 

Angola may produce 100000 tons of cotton. Zimbabwe Govt. plans to restart Cotton Marketing Board. China’s import of cotton continue to slide. Cotton marketing season to begin early in Mozambique. CMI-A cotton initiative attracted 226000 small Farmers in Cameroon. In Pakistan faliing stocks, prices rises on quality. China’s new Cotton policy may lead to less imports by China and more stocks by other countries as pe ICAC.