Profit margins of most spinning mills remained under pressure in Q1FY18
Going down underStagnating cotton yield despite increase in areaCrop year (Oct - Sept) Area (lakh ha) Output (lakh bales) Yield (kg / ha)2010-11 111.42 339 5172011-12 121.78 367 5122012-13 119.78 370 5252013-14 119.6 398 5662014-15 128.46 386 5112015-16 118.77 338 4842016-17 105 351 5682017-18 - 350 -Sources : Cotton Advisory Board, Cotton Corporation of India; 1 bale = 170 kgsEven as farmers seem inclined to bring more area under cotton this year, they fear a decline in yield due to deficient rainfall in major growing areas during the last three weeks.The India Meteorological Department (IMD) forecast this year's monsoon - like last year - to be normal. But, despite being a normal monsoon by the long-period average (LPA), the distribution remained a worry last year. While the middle-, northern- and eastern parts of India received above-normal rainfall, the western and southern parts remained degicient last year. Experts have started fearing a repeat of last year, with reports of ...
India's total cotton area may climb 10% in 2017-18 from a year earlier, says Nayan Mirani