Cotton Seed

MCX launches cotton seed wash oil futures, offers cash-settled contracts

Leading commodity bourse MCX on Tuesday announced the launch of cotton seed wash oil futures. Each contract will have a trading unit of 5 tonne with a base value quoted in Rupee per 10 kg at Ex-Tank Kadi, Gujarat, MCX said in a statement. The margin requirement for entering into the contract is approximately 12 per cent, providing participants with affordable access to hedging. Contracts will be cash-settled, providing greater convenience and efficient opportunity for risk management for participants across the supply chain, the statement added. According to MCX, the futures trading in cotton seed wash oil will help the cottonseed oil industry, particularly the crushers, who often grapple with price volatility due to fluctuating market dynamics, raw material availability, and unpredictable international trend.

India needs new cotton seed varieties for better productivity: House panel

The panel asked the textiles ministry to do a comprehensive study on how to increase cotton production

Haryana grants NOC to Mahyco for field trials of BT cotton variety

India has already allowed commercial use of BG-1 and BG-2 GM cotton while the approval for the BG-2 RRF has been pending at various stages. Field trials are likely for North Zone

Commodity picks: 26 October, 2020

Cotton seed oil cake is trading at Rs 1,900 per quintal at the benchmark Akola market; The barley price in Jaipur is trading at Rs 1,431 per quintal

Commodity picks: 31 August. 2020

Cotton seed oil cake at Akola is trading at Rs 2,031 per quintal, while chana price has rallied too steeply on the back of supply constraints

Commodity Picks: 3 August, 2020

Weak demand and favourable weather across the major producing region is expected to keep prices under pressure

Commodity picks: 27 July, 2020

Cottonseed oil cake is trading at Rs 1,982.8 per quintal at Akola, and is expected to head towards Rs 1,950

Production cuts loom large for cotton seed firms, farmers to be impacted

Squeezed between rising cost of production and falling realisation, cotton seed companies are planning to cut its production for the kharif sowing 2019 which may impact India's 8 million farmers adversely.Cotton seed producers claim that their production cost has risen by 20 per cent in the last three years since when the Bollgard II Bt cotton price was fixed at Rs 800 per packet of 450 each two years ago. But, after stagnating for two years, the government of India decided to cut its prices by Rs 60 or 7.5 per cent to Rs 740 per packet for the current year.The cut was announced at a time when seed companies have initiated awareness programs for farmers to help them adopt best farm practices to fetch higher yield from the same sowing area. Last year, many farmers in Maharashtra, Andhra Pradesh and Telangana reported huge cotton output loss due to pink ballworm attack on the standing crop. The decline in output in major producing states prompted the government to reduce its cotton ...