Cotton Prices

High cotton prices may impact exports in 2022-23 marketing year: CAI

Cotton exports are estimated to decline 64 per cent in 2022-23 marketing year ended September due to higher prices of the commodity in the domestic market, Cotton Association of India (CAI) said on Monday. The cotton marketing year begins from October. Cotton export during 2021-22 marketing year was 43 lakh bales which fell to 15.50 lakh bales in 2022-23, according to CAI data. "The plunge in exports to 15.50 lakh bales in 2022-23, is mainly due to higher cotton prices in India, which was much higher than the global prices, during October till March. The high prices have impacted cotton exports from India," CAI President Atul Ganatra told PTI. Cotton imports are also expected to decline in 2022-23 by 2.50 lakh bales to 12.50 lakh bales following higher import duty, Ganatra added. Meanwhile, CAI has estimated cotton pressing numbers for 2022-23 season at 318.90 lakh bales as against its forecast of 311.18 lakh bales in the previous month. In 2021-22, the total cotton pressing stood

High cotton prices, dull demand to keep textile stocks in check: Analysts

With cotton prices at home on the higher end versus global markets, analysts believe that the disparity is affecting India's global competitiveness in the near-term

TMS Ep379: GDP slowdown, fake websites, textile stocks, Jan Vishwas Bill

What's behind the GDP slowdown in Q3? How big is the fake website problem? Will softening cotton prices firm up textile stocks? What is the Jan Vishwas Bill? All answers here

Cotton exports stall as farmers delay sales hoping for higher prices

The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world's biggest producer of the fibre

'Adverse global conditions present a challenge for textile demand'

Cotton Council International executives say zero tariff regime should continue as it is beneficial to mills

Cotton yarn mills planning to stop production amid poor demand, Ukraine war

High cotton prices, the Russia-Ukraine war and poor demand from the apparel industry have hit the spinning mills hard

Rains, pests force world's top cotton producer India to import supplies

This confluence of extreme weather events brought on by climate change has sent cotton prices soaring by as much as 30%

Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry

Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier

Kharif acreage drags as monsoon starts slow; may pick up in the weeks ahead

Shortfall in rains, which was over 40% till June 10, narrowed to 4% by June 24 largely due to a massive downpour in the East and North-East

Govt meets stakeholders today as industry seeks ban on cotton exports

Here is a look at the major issues surrounding them despite import without duty

Denim companies embrace blended jeans as cotton prices scorch

Raw cotton prices have more than doubled from Rs 35,000 per candy of 356 kg in mid-2020 to over Rs 75,000 now

Better realisations help larger denim makers tide over cotton blues

Raw cotton prices have more than doubled since mid-2020, leading to consolidation with the larger players banking on international business

Factbox: Indian cotton yarn's journey, from knitting to packing

HINDUPUR, India (Reuters) - India is hoping its labour-intensive textiles and apparel (T&A) companies will help it address a jobs crisis, and has promised to pump about $2 billion into the industry over the next few years to generate more than 1 million jobs.

Southern India Mills Association urges PM to remove import duty on cotton

Southern India Mills Association urged Prime Minister to remove the 11% import duty on cotton and cotton waste and also cotton from MCX and NCDEX features

CCI to get Rs 17,409 cr for cotton procurement in 7 seasons to 2020-21

The government on Wednesday approved a Rs 17,408.85 crore 'committed price support' to the Cotton Corporation of India (CCI) for seven cotton seasons from 2014-15 to 2020-21. The decision was taken at the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi. The CCEA has approved incurring expenditure for reimbursing losses under MSP operations for cotton during the cotton season (October-September) 2014-15 to 2020-21. The CCEA has given its approval for committed price support of Rs 17,408.85 crore to the CCI for the cotton seasons from 2014-15 to 2020-21 (up to September 30, 2021), an official release said. In order to safeguard the interests of the cotton farmers, the government said the CCI procured cotton in large quantity during 2014-15 to 2020-21 as cotton prices touched the MSP prices. The procurement of cotton at MSP helped stabilise the cotton prices and alleviate farmer's distress. Briefing media on the Cabinet decisions, I&B Minister ...

India's cotton production to fall by 1% due to lackluster rainfall: Fitch

Fitch Solutions said on Tuesday it expects cotton production in India to fall by one per cent year-on-year to 28.3 million 480lb bales in 2021-22

Half of global cotton growing regions may face severe climate risks: Study

Climate change could expose half of all global cotton-growing regions, including India, to high risks from temperature increases, changes in rainfall patterns and extreme weather events by 2040

Commodity picks: 2 November, 2020

Mustard seed at the benchmark Jaipur market is trading at Rs 6,160 per quintal; Benchmark cotton S6 (29mm) in Gujarat is quoting around Rs 19,100 per bale

Akali Dal holds protest against Cotton Corporation of India over low price

SAD held an agitation here against the Cotton Corporation of India and government in Punjab, claiming that farmers were forced to sell cotton at much lower price than its Minimum Support Price

CAI revises cotton output upwards to 35.4 million bales for 2019-20

The Cotton Association of India (CAI) has upgraded its cotton production forecast by 19 lakh bales to 354.50 lakh bales for the 2019-20 season