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Related Keywords: Cotton Advisory Board, Cotton Association of India, cotton bales, cotton production, cotton sowing, decline in average acreage, five year low, likely to decline, low soil moisture, mixing sub-standard cotton, spurious seeds supplied, take trict action against trade malpractices, this crop year

The trade estimates cotton production at around 33 million bales (170 kg each) for the October 2015-September 2016 crop year against 38 million bales in the previous year. The Cotton Advisory Board anticipating lower output in its first estimate in November, forecast output at 36.5 million bales. The agriculture ministry had in September forecast cotton output at 33.51 million bales.

Related Keywords: about eighteen percent, compared with previous fiscal year, Cotton Advisory Board, Cotton exports from India, Cotton year, decline in Indian exports, from October to September, likely to see increase, raw cotton exported, Santosh Gangwar, substantial reduction in import by China, Union Textile Minister

Union Textile Minister Santosh Gangwar in his written reply in the Lok Sabha, citing estimates of the Cotton Advisory Board stated that the exports from India for 2015-16 are likely to see increase by about 18 per cent compared with the previous fiscal year.

The minister further added that during the cotton year of 2014-15 (from October 1, 2014 to September 30, 2015), 57.72 lakh bales of raw cotton were exported as against 116.96 lakh bales during the cotton year of 2013-14.

The decline in exports was mainly due to substantial reduction in import by China, Gangwar said.

Related Keywords: both domestic and international markets, Cotton Advisory Board, cotton corporation of India, entered Bangladesh market, offloads cotton stock, sold half of cotton stock, through daily and weekly tenders, under minimum support price operation

The Cotton Corporation of India (CCI) which procured 8.6 million bales (1 bale = 170 kgs) of cotton since October 2014, has started offloading the stock in both domestic and international markets through daily and weekly tenders. CCI has sold nearly half of the cotton stock it procured in the crop year 2014-15 under the minimum support price (MSP) operation.

Related Keywords: CCI, Cotton Advisory Board, current marketing year, loss incurred, minimum support prices, prevent distress sales by farmers, procurement operation, procures fibre from farmers, record losses incurred, reimbursed by government, State run cotton corporation of India, textile vision policy

The state-run Cotton Corporation Of India (CCI) that procures the fibre from farmers at minimum support prices (MSPs) to prevent distress sales by farmers and sells the stocks later in the market. Any loss incurred out of the procurement operation is reimbursed by the government. In the current marketing year through September, the government will likely incur record losses of around Rs2,500 crore on its cotton procurement operations.

Related Keywords: Cotton Advisory Board, cotton corporation of India, cotton export, cotton growing states, Cotton production estimate, due to unseasonal rains, hail storms, MSP, revised for current marketing year, Santosh Gangwar, Textile Minister, TUFS

The government has revised its cotton production estimate for the current marketing year due to unseasonal rains and hail storms across the county from 40 million bales to 39 million bales. Cotton crop prospects adversely impacted particularly in the central zone, textile minister Santosh Kumar Gangwar said in a written reply to the Lok Sabha. One bale equals 170 kg.

The main cotton growing states include Rajasthan, Telengana, Andhra Pradesh, and Tamil Nadu. Total demand is estimated to be at 39 million bales in 2014-15, compared to 41.68 million bales in the previous season.

Related Keywords: 41 lakh cotton bales, Cotton Advisory Board, cotton corporation of India, decline in domestic price, ICAC, MSP

State-run Cotton Corporation of India (CCI) to protect farmers from sharp decline in domestic prices has picked up 41 lakh bales of 170 kg each so far this year at the minimum support price ( MSP) from key growing states like Andhra Pradesh, Telangana, Gujarat, Punjab, Haryana, Rajasthan and Maharashtra.

Of which 27 lakh bales of cotton have been purchased from Andhra Pradesh and Telangana, 7,00,000 bales from Maharashtra, 2,20,000 bales from Gujarat and around 2,00,000 bales from Punjab, Haryana and Rajasthan. The procurement operations was started by CCI from October 2014

Related Keywords: Bangladesh, China, Cotton Advisory Board, cotton bales, cotton export, cotton exporter, cotton price, new cotton season, Pakistan, Southeast Asian markets, Thailand, Vietnam spinning cotton

With the new cotton season (Oct-Sept) beginning, cotton exports in the country have started to pick up but it is unlikely to meet the estimates of 9 million bales put forward by the Cotton Advisory Board for the 2014-15 cotton season.

According to Prerana Desai, head of research with Edelweiss Commodities they see exports almost 20% lower than what has been estimated by CAB as China, a big buyer is facing slow down and there local Government is pushing for use of higher local material. However, two third of India's cotton exports still directly destined to China.

Related Keywords: 30 million bales, Cotton Advisory Board, cotton output, crop year 2014-15, ministry of agriculture, Ministry of Textiles, sowing area

With a revival in the monsoon, sowing area under cotton although has intensified yet the overall sowing area under cotton was 44 percent lower at 5.6 million hectares (ha) as on July 18, compared with 10 million ha as on the corresponding date last year.
 
India's cotton output is likely to hit a five-year low in the resultant crop year 2014-15 (October-September), due to a steep decline in sowing area on delayed and uneven distribution of monsoon rains because of the El Niño phenomenon. Sowing of cotton was delayed by over a month this year.