Related Keywords: Cotton Association of India, cotton bales, domestic consumption, expecting price to go up, fall in cotton arrivals by eleven percent, farmers not willing to sell cotton at lower prices, higher return, holding capacity, lower production, ongoing season, restricted arrivals, total cotton supply
The arrival of cotton during the ongoing 2015-16 season is not matching up with the arrival figures of last year. This reduction in the arrivals is an indication of a lower crop, said Dhiren Sheth, president of CAI. Lower production, higher return expectations by farmers have led to a fall in cotton arrivals by 11% in the ongoing season for 2015-16.
The industry feels that since the farmers were expecting higher returns for their produce, they had restricted arrivals during the season. The ones with a holding capacity are still expecting the price to go up further.
