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Cotton prices expected to stabilise in coming months

Related Keywords: area expands by three percent to three million hectares, Cotton prices expected to stabilise in coming months, cotton production of India, delay in harvesting, exports projected to decline, high domestic and international cotton price, ICAC, Indian mill use to recover, projected to grow by two percent

India's cotton production is projected to grow by two percent to 5.9 million tons while production in China could reach 4.8 million tons in 2017/18 as area expands by three percent to 3 million hectares after five seasons of contraction. After declining by three percent to 5.1 million tons in 2016/17 due to high domestic and international cotton prices, India's mill use is projected to recover by one per cent to 5.2 million tons in 2017/18.

Cotton arrivals in India decline by 19pc on weak demand, stock holding

Related Keywords: arrival of cotton in India, cotton arrival in Gujarat, cotton growing states in India, cotton output of India, cotton prices in india, cotton production of Gujarat, cotton production of India, cotton traders in India, domestic spinning mills, holding capacity of cotton farmers

The total seasonal arrival of cotton in India has dropped by 19% so far this year as compared to arrivals during the same period last year and this is because of the dull demand from domestic mills and increased holding capacity among farmers.

By the end of January 2016, the country's total seasonal cotton arrival was about 17.02 million bales (a bale of 170 kg) as compared to 21 million bales by the end of January 2015.

However, as compared to the total estimated cotton production of 36 million bales, the arrivals of 17.02 million bales forms around 47% of the output.

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