Page 2 - Cotton

SAD chief seeks PM's intervention to ensure cotton procurement at MSP

Shiromani Akali Dal (SAD) president Sukhbir Singh Badal on Sunday urged Prime Minister Narendra Modi to intervene and ensure that cotton should be procured at the minimum support price (MSP) in Punjab. In a statement here, the SAD president said it was shocking that instead of giving the MSP of Rs 6,920 a quintal for long-staple cotton, as was done earlier, the Cotton Corporation of India imposed a quality cut of Rs 150 and was giving the assured price of Rs 6,770 per quintal to farmers. Farmers in the Abohar belt were suffering because the CCI was procuring the produce in bits and spurts, he claimed. The procurement was stopped on November 30 and restarted on December 7 only, he said, adding that it again stopped on December 9. Badal said the repeated stoppage of procurement was forcing farmers to sell their crops to private players who were purchasing the produce in the price range of Rs 5,000 to Rs 5,200 per quintal. Farmers were forced to go in for distress sale as they could

Near-term headwinds likely to delay recovery in agrochemical major UPL

Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking

Brazil negotiates for tariff-free quota to export cotton to India

The association said in the note that a team of government officials and Brazilian cotton farmers is visiting India this week, seeking to seal a deal to have that quota implemented

Sangam India eyes Rs 4,000 cr revenue by FY25 following Rajasthan expansion

Cotton, PV-dyed yarn and ready-to-stitch fabric producer Sangam India expects to achieve a revenue of around Rs 4,000 crore by 2024-25, following capacity expansion at its seven production units in Bhilwara in Rajasthan, a top company executive has said. "We recorded Rs 2,730 crore revenue in FY23, and this financial year we are expecting to touch Rs 3,000 crore. With our capacity expansion in various product categories, we are targeting close to Rs 4,000 crore revenue by 2024-25," Sangam India Managing Director and CEO S N Modani told PTI over phone. However, in this financial year the company's profit will be impacted as the market is under pressure following global economic conditions, he added. The long-term debt of the company, which employs over 1,200 people, is Rs 600 crore. The company has seven production units in Bhilwara with over 2,36,000 spindles and 3,000 rotors. It manufactures 35 million metres of PV (polyester viscose) fabric and 48 million metres of denim fabric .

India's rice planting grows on higher prices, cotton sowing lags

Higher rice planting could alleviate supply concerns in the world's second-biggest producer and consumer of the grain

CAI maintains cotton crop estimate at 311.18 lakh bales for 2022-23 season

The Cotton Association of India (CAI) on Tuesday maintained the cotton crop production forecast for the 2022-23 season at 311.18 lakh bales. In the last cotton season, the total cotton production was at 307.05 lakh bales, CAI said in a statement. The cotton season runs from October to September. The total cotton supply for October 2022 to July 2023 is estimated at 332.30 lakh bales, which consists of arrivals of 296.80 lakh bales, imports of 11.50 lakh bales and the opening stock estimated by the CAI at 24 lakh bales at the beginning of the season. Further, the CAI has estimated cotton consumption for the months of October 2022 to July 2023 at 265 lakh bales, while the export shipments up to July 31, are estimated at 14 lakh bales. Stocks at the end of July is estimated at 53.30 lakh bales including 28 lakh bales with textile mills and the remaining 25.30 lakh bales with the Cotton Corporation of India (CCI), Maharashtra Federation and others (MNCs, traders, ginners among others)

Spinning mills in Tamil Nadu to stop production, sale of yarn from Saturday

At present, the price of cotton per candy (356 kg) comes to around Rs 58,000

CAI reduces cotton crop estimate further to 29,835,000 bales for 2022-23

Cotton Association of India (CAI) on Thursday continued to reduce its cotton crop estimate for the 2022-23 season, beginning from October 1, 2022, to 298.35 lakh bales as production is expected to decline in Maharashtra, Telangana, Tamil Nadu and Odisha. The cotton crop is expected to reduce in Maharashtra and Telangana by 2 lakh bales each, in Tamil Nadu by 0.50 lakh bales and Odisha by 0.15 lakh bales, CAI said in a statement. Overall cotton production during the previous season is estimated at 307.05 lakh bales, the statement added. The total cotton supply for October 2022 to April 2023 is estimated at 263.06 lakh bales, which consists of the arrivals of 224.17 lakh bales, imports of 7 lakh bales and the opening stock at 31.89 lakh bales at the beginning of the season. Further, the CAI has estimated cotton consumption from October 2022 to April 2023 at 179 lakh bales while the export shipments up to April 30, are estimated at 12 lakh bales. Stock at the end of April 2023 is ...

CAI reduces cotton crop estimate to 30.3 mn bales for 2022-23 season

Cotton Association of India (CAI) on Wednesday further reduced its cotton crop estimate for the 2022-23 season, beginning October, by 10 lakh bales to 303 lakh bales as production is expected to decline in Maharashtra, Telangana, Punjab and Andhra Pradesh. The total cotton production in the last season was estimated at 307.05 lakh bales, CAI said in a statement. Cotton production in the current season, which began on October 1, 2022, is expected to decline in Punjab by 2 lakh bales, Maharashtra by 3 lakh bales, Telangana by 5 lakh bales, and in Andhra Pradesh by 0.50 lakh bales. The total cotton supply during October 2022 to March 2023 is estimated at 229.02 lakh bales, which includes 190.63 lakh bales of production, 6.50 lakh bales of imports and the opening stock estimated at 31.89 lakh bales at the beginning of the season. Further, the CAI has estimated cotton consumption from October 2022 to March 2023 at 149 lakh bales while the export shipments up to March 31, 2023 at 10.50 l

Cotton exports seen sliding, matching imports for first time in years: USDA

India's cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, USDA said

Cotton industry seeks govt-regulated process to end certification imbroglio

Move follows IOAS suspension of Control Union India from testing Indian organic textile products; entire value chain likely to be impacted as CU India handles 75% of certification of organic textiles

Spinning mills fret over clamp on CU India from certifying organic textiles

Industry bodies move global accreditation body IOAS, seeking a relief; organic cotton contributes to 10% of the total cotton produced in the country

Cotton growers to get water from April, says Punjab CM Bhagwant Mann

Punjab Chief Minister Bhagwant Mann on Tuesday reviewed the preparedness of the state government to supply canal water to cotton cultivators from April 1. Chairing a meeting of the irrigation department here, the chief minister said from April 1, canal water has to be made available for cotton crop cultivation to farmers, according to an official release. He said the water supply must be ensured in the cotton belt of the state. Mann asked the officers to ensure uninterrupted and adequate canal water supply at the tail ends to ensure sufficient water supply for the cotton crop. Police should be deputed to check stealing of canal water so as to avoid any sort of inconvenience to the farmers, he said. Mann also asked the officers to ensure proper cleaning and desilting of the entire canal system.

A fresh beginning

New GM cotton can reverse the yield decline

Centre approves order for mandatory certification of cotton bale

The government on Wednesday said it has approved the Quality Control Order for mandatory certification of cotton bales to augment the supply of good quality cotton to the textile industry. The decision was taken at the fifth interactive meeting with the Textile Advisory Group here on Tuesday evening to review the progress of initiatives for cotton value chain. Minister for Textiles and Commerce & Industry Piyush Goyal presided over the meeting. He pointed out that the quality of Indian cotton fibre is beneficial for farmers and industry both. He approved the Quality Control Order (QCO) for mandatory certification of cotton bales under specification No. IS12171: 2019-Cotton Bales to augment supply of good quality cotton to the textile industry, an official statement said. The minister stressed that branding of Indian cotton will add great value to the entire cotton value chain from farmers to end users. The Cotton Corporation of India and TEXPROCIL signed an MoU on December 15, ...

Revision in crop production estimates raises questions on credibility

Crop estimates have been way off the mark between the first and subsequent estimates and over the years this divergence has grown

Union Budget 2023-24: Push for ELS cotton yield to reduce imports

ELS cotton usually comprises those that are 32-36 mm

Punjab's cotton, maize yield to dip by 11-13% by 2050 due to climate change

Climate change is predicted to reduce maize and cotton yield in Punjab by 13 per cent and 11 per cent by 2050, according to a new study conducted by agriculture economists and scientists at Punjab Agricultural University (PAU). Punjab accounts for around 12 per cent of the total cereals produced in the country. The study published in the Mausam journal of the India Meteorological Department earlier this month used rainfall and temperature data collected between 1986 and 2020 to project the impact of climate change on five major crops -- rice, maize, cotton, wheat, and potato -- in the agrarian state. The researchers collected climate data from five weather observatories of Punjab Agricultural University, ie Ludhiana, Patiala, Faridkot, Bathinda, and SBS Nagar. The researchers -- agricultural economist Sunny Kumar, scientist Baljinder Kaur Sidana and PhD scholar Smily Thakur -- said that long-term changes in climatic variables show that the rise in temperature is driving most of the

CAI lowers cotton crop estimate to 33.97 million bales for 2022-23

The Cotton Association of India (CAI) on Tuesday reduced the cotton crop estimate by 4.25 lakh bales to 339.75 lakh bales for the 2022-23 season, beginning from October 2022, as the production in Haryana, Andhra Pradesh and Karnataka is expected to decline. The total cotton production in the last season is estimated at 307.05 lakh bales, which is 32.7 lakh bales less than the current season estimates, the CAI said in a statement. The production of cotton crop for 2022-23 season for Haryana is estimated at 13.02 lakh bales, Andhra Pradesh at 15 lakh bales and Karnataka at 24 lakh bales, according to CAI data. The total cotton supply for October and November 2022 is estimated at 84.68 lakh bales, which consists of arrivals of 50.29 lakh bales, imports of 2.50 lakh bales and the opening stock estimated by the CAI at 31.89 lakh bales at the beginning of the season. Further, the CAI has estimated cotton consumption for October and November 2022 at 40 lakh bales while the export shipment

Blanket rule for winter: What you need to be covered for the season

The market has multitude of choices: pick a blanket that will last long and is not cumbersome