Cotton

Soyabean, cotton farmers to be given Rs 5,000 per hectare: Shivraj

Agriculture Minister Shivraj Singh Chouhan on Tuesday expressed concern over soil degradation affecting 30 per cent of India's land and stressed the need for urgent measures to maintain soil quality for sustainable farming. Addressing a global conference on soil through video conferencing, Chouhan said improving soil health is crucial for achieving Sustainable Development Goals (SDGs) related to zero hunger, climate action and life on land. "We are producing more than 330 million foodgrains annually and exporting worth USD 50 billion. This success however comes with concerns, especially regarding soil health," the minister said. According to Chouhan, about 30 per cent of India's land is experiencing degradation due to rising fertiliser consumption, imbalanced use of fertilisers, exploitation of natural resources and wrong soil management practices. The minister highlighted various government initiatives, including the distribution of more than 220 million soil health cards to farme

Cotton output likely to fall 7.4% as excessive rainfall damage crop

Lower production will reduce exports from the world's second biggest cotton producer in the current marketing year started on Oct. 1 and force the country to increase imports, supporting global prices

Cotton exports likely to double to 2.85 mn bales in 2023-24 season: CAI

Cotton exports are expected to almost double to 28.50 lakh bales in the 2023-24 season against 15.50 lakh bales in the previous crop year 2022-23, as the average prices of Indian cotton were cheaper in the world market, Cotton Association of India (CAI) said on Tuesday. "Indian cotton was ruling at a much cheaper rate during February-March compared to the global market. During this period, a lot of exports took place, including 20 lakh bales to neighbouring Bangladesh," CAI president Atul S Ganatra told PTI. He said that for the current season, which starts from October 1, the average rate of cotton is Rs 57,500 per candy, while in the previous year, it was Rs 62,500 per candy. Meanwhile, the total production estimated by the CAI Crop Committee for the season 2023-24 stood at 325.29 lakh bales compared to 318.90 lakh bales in the previous season. The cotton imports are now projected at 1.10 lakh bales higher than the previous estimates. CAI has reduced its domestic consumption ...

Govt targets 1,000 kg cotton yield per hectare for 11 states: Giriraj Singh

Union Minister Giriraj Singh on Monday said the government has set a cotton yield target of 1,000 kilograms per hectare across 11 top cotton producing states as it aims to replicate the best practices followed in Akola, Maharashtra. The Akola model of cotton production, also known as the High-Density Planting (HDPS) model, is a technique that involves planting more cotton plants in a smaller space. The model is being used in Akola to increase cotton yields and is expected to be replicated across the country. India's current yield of around 450 kg per hectare is much lower than competitors like China, Australia and Brazil, among others. Gujarat, Maharashtra, Telangana, Rajasthan, Karnataka, Andhra Pradesh, Haryana, Madhya Pradesh, Punjab and Odisha are among the top cotton producing states in India. "We have decided and developed a model (for cotton production) based on (best practices followed in) Akola, Maharashtra. It is true that world over, in Japan, Brazil, Australia, China, .

Floods in Bangladesh impacting cotton import, shipments may divert to India

Some cotton shipments could get diverted to India, Pakistan and Vietnam, commodity analysts said

Cotton yarn, fabric, handloom exports up 7% to $11.7 bn in FY24, shows data

The country's cotton yarn, fabrics/made-ups and handlooms exports rose 6.71 per cent year-on-year to USD 11.7 billion in 2023-24, even as the total exports dipped by 3 per cent in the last fiscal. According to the commerce ministry data, these exports in March grew by 6.78 per cent to USD 1 billion. In 2022-23, these exports stood at USD 10.95 billion. This is one of the key product categories out of 30 closely monitored by the ministry. The top five export markets for the sector during the last fiscal year were the US, Bangladesh, China, Sri Lanka, and the UAE. The US accounts for over 25 per cent of India's total cotton yarn, fabrics/made-ups and handlooms exports, followed by Bangladesh (16 per cent), China (6.6 per cent), Sri Lanka (4.4 per cent), and UAE (2.35 per cent). In 2023-24, the outbound shipments also entered new geographies like Anguilla, a British Overseas Territory in the Eastern Caribbean; Serbia; Georgia; Sweden; Cyprus; Azerbaijan; and Iran. The other new mark

Welspun Living Q4 results: Net Profit increases 16% to Rs 146 crore

Analysts expect a further increase in demand and easing prices of key raw materials, such as cotton, to boost textile firms' bottomline in the next few quarters as well

Centre willing to procure jute, cotton crop if prices fall below MSP: Goyal

The government is willing to procure the harvest of jute and cotton from farmers if the market price is lower than the Minimum Support Price (MSP), Union Minister Piyush Goyal said on Wednesday. The minister further said that the Centre is working towards increasing the production of jute and cotton and is willing to provide quality seeds and fertilisers for quality produce to fulfil the vision of farm to foreign exports. The Union Minister for Textiles, Consumer Affairs & Food & Public Distribution and Commerce & Industry made the remarks during his interaction with beneficiaries of the Textile Sector here as he also urged them to be vocal for local. "Be vocal for local and take local to global. That's the clarion call from Prime Minister Narendra Modi to showcase our products on the world stage", Goyal said. The minister further noted that ramping up textile production in the country will spur income, open up employment opportunities and play a vital role in making the ..

Cotton output may decline by 8% to 29.4 mn bales in 2023-24 season: CAI

Cotton production may decline by around 8 per cent to 294.10 lakh bales in the 2023-24 season due to lower yields in most growing regions, according to the Cotton Association of India (CAI) estimates released on Thursday. The total cotton production during the 2022-23 season (October-September) stood at 318.90 lakh bales of 170 kg each, according to CAI data. "The production this year is expected to lower by 24.8 lakh bales at 294.10 lakh bales following infestation of pink ball worms in the northern region, while the yield in the southern and the central regions will be affected due to no rainfall for 45 days from August, 1 till September 15," CAI president Atul Ganatra told PTI. The total supply till the end of November 2023 is estimated at 92.05 lakh bales which consists of the arrivals of 60.15 lakh bales, imports of 3 lakh bales and the opening stock of 28.90 lakh bales at the beginning of the season. Further, the CAI has estimated cotton consumption up to the end of November

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