Amidst reports of fall in cotton sowing this season, cotton textiles mills and even spinners are waiting to stock the fiber because they feel that ample cotton will be available and at a much cheaper rate when new crop arrives couple of months later. They have a reason to hope as internationally cotton prices are at five year low. International Cotton Advisory Committee (ICAC) said in its report that, "although the monsoon arrived in India, the volume of precipitation has varied widely and yield is likely to suffer in some places." The global cotton body has put India's total crop of cotton by around 10 per cent lower. ICAC and USDA have put India's total cotton crop in 14-15 slightly above 35 million bales. However ICAC reports talks to drastic fall in exports of cotton from India in 14-15, "driven mainly by a 26% fall in imports by Chinato 2.2 million tons. India's exports are likely to fall to 800,000 tons, which would be less than half of itsexports in 2013/14." In terms of bales I

Textile mills postpone cotton buying

Business Standard

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Mayank Patwardhan

Mayank Patwardhan

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Textile mills postpone cotton buying

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