Related Keywords: AGCGA, cotton corporation of India, cotton minimum support price, cotton price, export incentive, Indian ginning industry, purchasing cotton, running below capacity, slowdown, subdued demand, substantial cotton production
The ginning industry of India is staring at slowdown, on account of subdued demand and disparity in price. According to industry sources, ginning units are running below 65-70 per cent capacity. India's substantial cotton production this year has not translated into good days for ginning sector.
Moreover, farmers are reluctant to sell kapas (raw cotton) at the current prices in expectation of higher price for their produce, bringing down the commodity's arrival by 50 percent from last year.
