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Related Keywords: buying cotton, Cotton Association of India (CAI), Cotton Corporation of India (CCI), cotton prices, fibre crop, procurement, raw cotton

As cotton prices ruled firm for most of the 2018-19 marketing season starting October, the state-run Cotton Corporation of India (CCI) could purchase only 10.7 lakh bales under the MSP scheme. The bulk of the procurement — over 70 per cent — has been from Telangana followed by Maharashtra.

According to CCI, market arrivals of cotton till April 1 stood at 254 lakh bales of 170 kg each. The Cotton Association of India (CAI), the apex trade body, had pegged the crop size at 328 lakh bales for the year.

Related Keywords: aim to procure two lakh bales this season, appointed authorised agents, buying cotton, buying cotton between October and January, directly from cotton ginners, field level coordination, four lakh bales next season, Indian Texpreneurs' Federation, ITF, mainly in Telangana and Maharashtra, member mills, worked out a partnership model

Indian Texpreneurs' Federation (ITF), which have worked out a partnership model for buying cotton directly from cotton ginners, mainly in Telangana and Maharashtra for its member mills. During the 2016-17 season (October-September) they aim to procure 2 lakh bales (a bale is 170 kgs) and 4 lakh bales for the 2017-18 season.

As cotton production is projected to cross the 1 crore bales mark, a more than 10% increase, in Maharashtra for the 2017-18 season while output is forecast to jump 20% to around 90 lakh bales in Telangana.

Related Keywords: buying cotton, cotton dealers, Karachi cotton exchange, Pakistan cotton market, prime quality cotton, textile mill owners, world benchmark cotton market

As several textile mill owners have resumed buying cotton on conflicting reports that the supply of the commodity remained low during the last two weeks. According to cotton dealers, trade turnover of cotton spiked four-fold to 15,800 bales (of 155 kilogram each).

According to Naseem Usman, a broker at Karachi Cotton Exchange, the next fortnightly production report, which is scheduled to be unveiled tomorrow {Wednesday}, may reveal lower production in the last two weeks.

Also the country may face shortage of prime quality cotton, if not of poor qualities.

Related Keywords: Ashura holidays, buying cotton, cotton prices, mills and spinners, Pakistan cotton market, procurement price, stability in rates, TCP, trading activity

Pakistan cotton market witnessed good business with mills and spinners continued buying on expectations of increase in prices in times to come, on Friday. According to Market sources, no major change in the prices seen after the TCP's announcement of procurement price at Rs 6864 per maund to bring stability in the rates