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Related Keywords: cotton farmers, cotton prices, cotton trading activity, demand for export, domestic mill, Ginners, Gujarat Sankar-6 cotton, Indian cotton market, kapas, MSP, Rajkot

Weak cotton trading activity was witnessed at Rajkot, Gujarat as cotton prices remained unchanged and domestic mills were buying only as per their requirements as demand for export was seen dull.

Kapas or raw cotton declined marginally on lower buying from ginners. Gujarat Sankar-6 cotton was traded at ₹33,100-200 per candy of 356 kg.

About 45,000-50,000 bales (of 170 kg) arrived in Gujarat and 2.10-2.15 lakh bales arrived in India. Kapas lost ₹5 to ₹830-850 for a maund of 20 kg. Gin delivery kapas stood at ₹855-860. Cottonseed went for ₹355-370.

Related Keywords: China, cotton exports, cotton farmers, export cotton bales, Gujarat cotton, Gujarat cotton industry, gujarat government, MSP for cotton

This year Gujarat is expected to produce 1.20 crore bales of cotton. Each year, it exports cotton bales to China as well as other nations. Moreover, owing to bumper produce of cotton in these countries, export of cotton bales has taken a hit.

The Gujarat government on Monday announced relief of R1,100 crore for farmers, including R500 crore relief in electricity bills and R600 crore relief in interest on short-term loan through 50% waiver. Over and above this, the state extended R700 crore assistance to farmers during the ongoing statewide Ravi Krishi Mahotsav.

Related Keywords: build more cluster, cotton farmers, debate in Lok Sabha, new textile policy, Santosh Kumar Gangwar, Textile Minister, Textile undertakings Laws Bill 2014

Textile Minister Santosh Kumar Gangwar on Monday replying to a debate in the Lok Sabha on the Textile Undertakings (Nationalisation) Laws (Amendment and Validation) Bill, 2014, said that government was keen to take the country forward in textile sector.

The government will bring in a new textile policy by next month and seek to build more clusters in the country,

In his reply to the debate, Gangwar thanked the members for their interest in the issue and wide participation in the debate and said the government was moving forward with slogan of "development for all".

Related Keywords: cash rich CCI, cotton farmers, cotton purchases, Maharashtra State Cotton Growers Marketing Federation, minimum cotton support price, NAFED, state government

The state government has starting cotton purchases from November 15 onwards at minimum support price (MSP)wards but this will not provide relief to farmers who have suffered a double whammy of poor yield due to dry spell and plummeting rates. Cotton farmers are looking at a rate of at least Rs.6000 a quintal which will help them recover their expenses. This time, with elections over there is no political demand to raise the MSP that is rather low.

Related Keywords: bumper harvest, cotton, cotton corporation of India, cotton farmers, cotton prices plunge, Gujarat and Maharashtra, increase purchase, long staple cotton, medium staple cotton, MSP, procurement operation, Textiles Minister Santosh Gangwar

The government on Wednesday has directed the Cotton Corporation of India to increase its purchase from the major producers, including Gujarat and Maharashtra as cotton prices have plunged below the minimum support price fixed by the Centre due to an expected bumper harvest.
Prices have also slumped below the MSP in many places because of weak global markets , which has stopped exports.

Related Keywords: CCI, cotton corporation of India, cotton farmers, cotton market price, Cotton price in Andhra Pradesh, Cotton price in Telangana, textlle ministry, Vidarbha farmers

The State-run Cotton Corporation of India (CCI) has started procuring cotton at the minimum support price (MSP) in Andhra Pradesh and Telangana to protect farmers. So far, 58,000 bales of cotton have been procured from Andhra Pradesh and Telangana as the market price in these two states have fallen below the MSP rate of Rs 4,050 per quintal

CCI started MSP operation last month. About 55,000 bales of cotton were procured from Adilabad and Warangal region of Telangana, while the rest 3,000 bales from Guntur in Andhra Pradesh, the official said.

Related Keywords: Abbas Khan Afridi, cotton farmers, cotton yarn imports, ECC, Minister for textile and industry, Pakistan cotton industry, TCP, textile package

The Pakistan government has announced Rs 3,000 per 40 kilograms support price of cotton. This was informed by Minister for Textile and Industry Abbas Khan Afridi on Wednesday at the National Assembly.

Also, Trading Corporation of Pakistan (TCP) has been directed to purchase the cotton from the farmers. The Minister said that the government was committed to protect the interest of the farmers and TCP had started to purchase cotton from the farmers.

Related Keywords: Agriculture Advisory Committee, buy one million cotton bales, cotton farmers, cotton purchase, Economic Coordination Committee, Pakistan Textile Ministry, Sindh and Punjab, support cotton price, Trading Corporation of Pakistan

The Trading Corporation of Pakistan (TCP) has not been in the business of cotton purchase since 2005-06, but this year after a decision taken by the Economic Coordination Committee (ECC) the corporation revived its centres in Sindh and Punjab for the procurement drive.

The TCP will start buying one million bales of cotton from farmers in the first week of November and achieve the goal in one and a half month.

Related Keywords: cotton farmers, Cotton market, cotton prices, international cotton price, Pakistan Cotton Ginners Association, Pakistan cotton industry, phutti, price stability, Sindh region

Pakistan cotton prices ranged between Rs2,600 to Rs2,800 only for a brief period last month in lower Sindh region due to early picking and peaked at Rs3,200. After that the cotton prices continued to decline in Sindh while the picking of the crop would end latest by early next month.

Farmers get Rs2,400 per 40kg whether they sell phutti to middlemen or ginners directly. A major chunk of crop has been sold, and by mid October the remainder will be cleared by peasants in upper Sindh region which witnesses late sowing.

Related Keywords: China, Cotton Association of India, cotton bales, cotton farmers, cotton harvest, Cotton Textiles Export Promotion Council, global cotton market, India cotton industry, stockpiled cotton

India likely to harvest 40 million cotton bales this year once harvesting begins next month, which will be 8% higher than a year earlier and the highest harvest on record.

Lower-than-normal monsoon rains early in the June-through-September rainy season convinced many farmers to switch to planting cotton, which needs less water to grow. But the rains returned late in the season so now India is likely to have a bumper crop.