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Govt to enter the market if cotton price touch or falls below MSP

Related Keywords: average quality, CCI, Cotton Association of India, cotton corporation of India, cotton price of the fair, fall below minimum support levels, global cotton production to rise. MSP procurement operations, government agencies, ICAC, India looking at bumper cotton crop, prepared to enter the market, prices touch MSP, ruling above MSP

With India looking at a bumper cotton crop, and presently cotton price of the fair and average quality is ruling above MSP, the government agencies are all prepared to enter the market in case prices touch MSP or fall below minimum support levels, said SK Panigrahi, chief general manager, Cotton Corporation of India (CCI).

Order flow from spinners and exporters kept prices firm on cotton market

Related Keywords: arrival of seed cotton, Cotton market, Cotton picking, cotton prices firm, cotton producing districts, flow of buying orders, ginning units, ICAC, KCA, kept rising on strong demand, Pakistan expected to see rise in cotton consumption, spinners and exporters, spot rate, trading activity, world cotton production

As the day progressed trading activity kept rising on strong demand and flow of buying orders from spinners and exporters kept cotton prices firm on Wednesday. Pakistan is expected to be one of the few countries in the world where cotton consumption would rise this year.

Cotton picking has started in most cotton producing districts of Punjab while many ginning units have also stated their operations. In coming days there is a possibility that higher arrival of phutti (seed cotton) could put cotton prices under pressure.

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.

ICAC projects cotton exports of India likely to grow by 3pc

Related Keywords: cotton area expand by seven percent, cotton exports of India, current year, ICAC, Indian mill consumption, likely to drop by three percent, likely will grow three percent, production to rise by two percent, projection by the International Cotton Advisory Committee

India's cotton exports likely will grow 3 percent to 990,000 tonnes in the current year, with production to rise by 2 percent to 5.9 million tonnes, according to projection by the International Cotton Advisory Committee (ICAC).

World cotton trade is estimated to expand by 3 percent to 8 million tonnes in 2017-18, with China’s import volume set to grow by 11 percent to 1.1 million tonnes for the year. ICAC cites the growth in China's imports to its surging mill use, which continues to outpace its production.

Supply crunch soars cotton prices

Related Keywords: buyers look to other markets, CCI, cotton bales, driven up prices higher, ICAC, lack of demand in apparels industry Cotton prices across India, ruling high on subdued arrivals, Supply crunch, Textile Industry, than international prices, traders unable to meet obligations

The supply crunch in the textile industry had driven up prices higher than international prices and since the traders are unable to meet obligations, buyers could look to other markets. Cotton prices across the country are ruling high on subdued arrivals.

The lack of demand in the apparels industry has also impacted arrivals and although farmers are getting high prices, they prefer to hold back because of the currency shortage in the market.

Pakistan likely to see 12 pc decline in cotton consumption

Related Keywords: Bangladesh and Vietnam, competitiveness of cotton, cotton consumption of China, exporting around USD thirteen billion, fall in cotton consumption, forcast five percent down, ICAC, low value added textile produt exporters, non-cotton producing countries, Pakistan, textile products, twelve percent, value addition over four time higher

Pakistan likely to see a fall in cotton consumption to 2.2 million tons, a decline by 12 percent this year, by consuming 2.2 million tons of cotton it would be exporting around $13 billion of textile products. This was revealed in the monthly cotton update by the International Cotton Advisory Committee (ICAC).

CCI chooses Bangladesh for export of cotton comes through its global tender

Related Keywords: CAB, CAI, cotton corporation of India, export of cotton to Bangladesh, global tender, growing domestic demand, ICAC, logistics better and easier, plans to tap Vietnam, reworking pricing strategy, SIMA

The Cotton Corporation of India (CCI) has finally decided to come out with global tender for export of cotton to Bangladesh. CCI chose Bangladesh as the logistics are better and easier to manage either by the sea or roadways. China, the world’s biggest buyer, is importing less of the fibre from this year which has affected Indian export.

China has been the largest importer of Indian cotton over the last three years. According to CCI CMD BK Mishra, the response from Bangladesh has been good and should this sale be successful, CCI has plans to tap Vietnam as well.

India to see drop in cotton cultivation by 15% over low price and lower demand

Related Keywords: Cotton cultivation in India, global cotton cultivation, global demand, ICAC, lack of good quality, low price and lower demand, South Indian Mills Association

India’s cotton cultivation is estimated to drop by 20 percent in 2015-16 if low price and lower demand continue to remain will discourage farmers to reduce cotton cultivation, after having witnessed a year of record production. In 2014-15, cotton area under cultivation was around 13 mn hectares about 1.5 mn hectares higher than the previous year.

While global demand for cotton and cotton yarn dropped in recent months, cotton prices also dipped owing to lack of good quality cotton in the market.

Farmers in US, India and China to cut cotton acreage as prices slump

Related Keywords: cotton acreage, cotton price, cotton sowing in china, cotton sowing in india, cotton stock, Farmers in China, Farmers in India, Farmers in US, high-quality US cotton, ICAC, National Cotton Council

According to reports, cotton farmers in US will probably cut down acreage to the lowest since 2009 after prices slumped in January to a five-year low.

Plantings is predicted to drop to 9.73 million acres in the season beginning 1 August, from 11.04 million a year earlier, as farmers will switch to other crops including peanuts. The National Cotton Council is set to release its planting-intentions survey on 7 February.

CCI picked up 41 lakh cotton bales from key growing state at MSP this year

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

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