Related Keywords: CAB, Cotton imported from Australia, cotton production, especially in Gujarat, Gujarats benchmark cotton variety, jump in price, largest cotton growing state, Lift in cotton prices, lower acreage, new season arrival, scanty rainfall, Shankar-6, short supply, slower pace of sowing, Sowing affected in the wake of less rainfall
Lift in cotton prices seen due to short supply and a slower pace of sowing. Another factor responsible for the rally in prices is scanty rainfall, especially in Gujarat, the largest cotton growing state in India. The state has a rain deficit of more than 50% in the first week of July. Sowing has been affected in the wake of less rainfall. Cotton acreage is likely to fall this year.
The Cotton Advisory Board (CAB) under the Union textile ministry had projected cotton production of 101 lakh bales for 2015-16 for Gujarat.
