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Cotton ginner face tough time with falling prices and shrinking profit margins

Related Keywords: Cotton Association of India, Cotton Ginners, Cotton ginning industry, cotton seed, face tough time, falling cotton prices, low export demand, major buyers like China, raw cotton, realization from processed cotton, Saurashtra Ginners Association, shrinking profit margin

Cotton ginners are in a fix as export demand is less as major buyers like China have not turned up this time. This is hurting realization from processed cotton, thereby reducing profit margins for ginners, said Arvind Patel, Vice-President of Saurashtra Ginners’ Association (SGA), one of the largest clusters of the cotton ginning industry in the country.

Cotton ginning industry faces loss due to weak prices

Related Keywords: almost half of ginning units not operational, Cotton ginning industry, cotton lint, cotton prices fallen, cotton seed, due to weak prices, facing loss on trading, Gujarat top cotton growing state, Punjab cotton ginners association, raw cotton, SGA

The cotton ginning industry facing loss of about Rs 8 crore a day on trading roughly around 80,000 bales every day due to weak prices. There are around 4,500 ginning units in the country, almost half of which are not operational at the moment

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