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Related Keywords: brokers, commercial issues, cotton, cotton futures market, cotton logistics, Cotton Yield, farmer’s income, Ginners, Indian Cotton Association, Indian Cotton Federation, Spinners

The conference would focus on commercial issues and participants and speakers were from other countries and different parts of India. The federation would submit its suggestions to the State and Central Governments to improve cotton yield and double farmer’s income, based on the deliberations Agronomy research was one area that India needed to focus on.

Related Keywords: cotton farmers, Cotton market, cotton prices, huge stock of yarn, Indian cotton as the fibre from India is not standardized, Indian Cotton Federation, quality cotton, spinning sector, Textile scenario, yarn sector

When asked if the present situation would augur well with the cotton farmer as his realisation is not on expected lines, the ICF President said, “there is a global surplus. There are no takers for Indian cotton as the fibre from India is not standardised.” Due to tight financial situation prevailing in the spinning sector and comfortable availability of quality cotton, the prices are expected to remain steady. “The monsoon would be a major deciding factor for cotton prices for the period between June and October 2018.”

Related Keywords: fibre, garment, Indian Cotton Federation, Indian cotton textiles, Indian Texpreneurs Federation, Textiles

There is no specific quality standard on cotton quality in India, but quality per se of the cotton produced here is good as told by J Thulasidharan, President, Indian Cotton Federation.S Dhananjayan, senior auditor and advisor to Tirupur Exporters’ Association,said the knitwear cluster had to conform with various compliances such as ZLD and social compliance, which, in turn, resulted in a 10-15 per cent rise in production cost, making the operations unviable.he also said that, “This condition (of ZLD) is imposed only in western Tamil Nadu.

Related Keywords: compared to domestic cotton, cost advantage, cotton imports this season, from the U.S. in larger quantities, imported cotton, increasingly prefer to buy cotton, Indian Cotton Federation, slightly lower micronaire, surpass official estimate of 17 lakh bales, Textile mills, trade and industry sources, units could get four to five percent

As textile mills increasingly prefer to buy cotton from the U.S. in larger quantities. According to trade and industry sources, cotton imports this season might surpass the official estimate of 17 lakh bales.

Also, the units could get a 4 to 5% cost advantage, the sources added. Total imports during the last cotton season (2016-2017) were 30.94 lakh bales and the previous year it was 22.79 lakh bales. The total imports this season (October 2017 to September 2018) might cross 20 lakh bales, said Nishanth Asher, a partner with cotton trading firm RS Asher and Company.

Related Keywords: CCI, cotton bales, cotton to be sold directly, direct state run Cotton Corporation of India, during this season, help maintain stable prices, ICF, Indian Cotton Federation, October to September, only to textile mills, procure hundred lakh bales, record bumper crop expected, throughout the year, urged the union government

The Indian Cotton Federation (ICF) has urged the union government to direct the state run Cotton Corporation of India (CCI) to procure 100 lakh bales ( a bales is 170 kgs) as a record bumper crop is expected during the 2017-18 season (October-September). ICF stated that this cotton should be sold directly only to textile mills, which would help maintain stable prices throughout the year.

Related Keywords: artificial supply shortage, demonetisation affects cotton arrival, fall in daily arrival, farmers not bringing cotton to mandis, ginning factories, Indian Cotton Federation, inventory accumulating, New cotton arrival in market, prevalence of cash, price of Shankar-6 cotton up, price remain firm, Textile Industry, thrity percent drop in arrivals

Demonetization has affected cotton arrivals in the market as farmers are not bringing cotton to the mandis due to widespread prevalence of cash payments. . There has been a 30 percent drop in arrivals, said Atul P Asher, secretary, Indian Cotton Federation (ICF). Business has come down and only 10% of the ginning factories are operating.

Related Keywords: affect exports mainly to Pakistan, China major buyer for Indian cotton, crop failure, Current cotton year, demand not so good, domestic cotton price, increased cotton import, Indian Cotton Federation, Indian cotton prices higher than international prices, Pakistan became a major importer, upside since April, weak production

In the current cotton year which runs from October of one year to September of the next, about 37 percent of exports have been to Pakistan. But with the domestic cotton prices on the upside since April, moving up to Rs 50,000 a candy (356 kg), due to expectation of weak production this has affected exports, mainly to Pakistan, says the trade.

Related Keywords: Cotton Advisory Board, domestic cotton prices ruling higher than international prices, India largest producer of cotton in the world, Indian Cotton Federation, Pakistan turns a huge importer of Indian cotton, pest attacks in Pakistan, resulting in huge fall in production, textile mills are buying cotton from Africa and Australia

Pakistan has turned a huge importer of Indian cotton, purchasing about 25 lakh bales (a bale is 170 kgs) which is about 40% of the shipments of the fibre from the country so far in the 2015-16 season, (October-September). The country has so far exported about 65 lakh bales of cotton in the 2015-16 seasons as pest attacks in Pakistan have resulted in a huge fall in production.

Related Keywords: arbitration, Cotton Ginners, cotton textile eco-system, global scenario, hedging, Indian Cotton Federation, Indian Cotton Scenario in the Current Context, Indian cotton sector, needs comprehensive study on challenges, organizing two-day conference, requirements, scope to increase production, textile industry representatives, traders

The Indian Cotton Federation is organizing a two-day conference on “Indian Cotton Scenario in the Current Context 2016-2017” on August 19 and 20 at Coimbatore as the Indian cotton sector needs a comprehensive study on challenges, requirements, and scope to increase production.

About 400 people, including cotton ginners, traders, textile industry representatives, and brokers are expected to participate at the conference. They will deliberate on cotton area, demand, supply and price situations, and sustainable management practices.

Related Keywords: actual cotton production could turn out to be lesser than estimates, Agriculture and Textile ministries, area under cotton, Cotton Advisory Board, ensure sustainable cotton production, expected to decline, Indian Cotton Federation, interest in cotton crop, set up sub committee, work jointly to lay out roadmap

As both the Agriculture and Textile ministries have an interest in the cotton crop, the Cotton Advisory Board (CAB) has set up a sub-committee that will work jointly to lay out a roadmap to ensure sustainable cotton production, according to a senior official in the Ministry of Textiles.

This follows concerns that actual cotton production could turn out to be lesser than estimates. Industry sources here said that in its previous meeting, the CAB had estimated that the cotton production this season (October 2015-September 2016) would touch 352 lakh bales.