Business Standard
Sunday, May 27, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|Markets & Investing|||||||| 
 Section Home | News Now | Paper | Features | Q&A | PF News | PF Features | IPOs | MFs | Commodities | Trends | Stock Data | Financials | Money & Forex
Home > Markets & Investing Live Markets | Commodities
 

Cotton buying begins, output may fall short of estimate
Dilip Kumar Jha / Mumbai Nov 04, 2009, 00:10 IST

Cotton output may fall short of the Cotton Advisory Board (CAB) estimate due to adverse climate in Punjab, the fifth-largest producing state, and crop disease in Maharashtra, the largest grower in the country.

The CAB’s first advanced estimate in August had forecast total output at 30.5 million bales (a bale has 170 kg), a rise of 5 per cent from the previous year’s output of 29 million bales.

According to Dubhash Jhakhar, a Punjab-based cotton farmer, hot weather hit the crop in the state, with production estimated to decline 10-15 per cent. He said shortage of water also hit germination, even though the area sown rose about 2 per cent. According to CAB, the sowing area jumped to 536,000 hectares (ha) in 2009-10, as against 527,000 ha last year.

AB Joshi, textile commissioner, confirmed that crop damage had been reported in Jalna district of Maharashtra, without divulging details. But a decline in some areas could be compensated by a bumper output in other centres. Hence, there would be no change in crop estimates until we got details about the damage, Joshi added.

Last year too, CAB kept the estimate at 32.5 million bales till the last moment; it actually slumped to 29 million bales on final compilation of data. The cotton year in India runs from October to September.

Last year, spurious Bt seeds, mainly from Gujarat, hit output in Punjab. This was controlled this year. Therefore, the output, despite damage, would be similar to last year, not more, said D K Nair, secretary-general, the Confederation of Indian Textile Industry (Citi). The shortfall, if any, would be marginal, Nair added.

According to an assessment of crop damage due to recent floods in Karnataka conducted by the state agriculture department, close to 51 per cent of the 291,000 ha under cotton was partly damaged in the north during this year’s kharif season. Around 18,730 ha was affected in Belgaum district, followed by Davanagere (16,584 ha) and Dharwad (16,565 ha). Gulbarga and Raichur districts lost 15,228 ha and 13,456 ha, respectively. Karnataka also grows cotton in the rabi season.

Arrivals have started in full swing at mandis. Procurement agencies, including Cotton Corporation of India (CCI) and private traders, are fully accepting the quantities. Private procurers are paying a marginal premium over the minimum support price (MSP) of Rs 2,800 a quintal. In Punjab, 13,74,000 quintals (276,000 bales) were procured from different mandis by private traders and CCI, as on October 26, as compared to 13, 80,000 quintals (274,000 bales) during the corresponding period last year.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- China's new privatisation plan faces push-back risk
- New Delhi seeks stronger Myanmar ties as PM visits
- India to guarantee safe gas transit from Tapi
- Pak players likely to be part of IPL 2013
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Air India pilots wanted a halt to command training of IA pilots
- EGoM to now decide on base price for spectrum auction
- India to guarantee safe gas transit from Tapi
- Pak players likely to be part of IPL 2013
- New power equation in BJP
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us