Telangana, the third-largest cotton-producing State in the nation, increased its cotton production by 33% from 18.85 lakh tonnes (lt) in 2015. This is right despite the crop’s area not significantly expanding. 19 lakh hectares (lh) of cotton were planted over the time period, a 12 percent increase from 17 lh. The state’s ability to export…
Extra-long staple cotton, a specialty crop with strong demand in the textile sector, was given a huge boost by the host of initiatives Finance Minister Nirmala Sitharaman announced for increased productivity and improved rewards to farmers. “We will use public-private partnerships (PPP) to adopt a cluster-based and value chain approach to increase the productivity of…
While growers who stuck to urad, moong, bajra, and ragi were unable to realize the MSP, farmers who sold cotton, soyabean, paddy, and jowar crops in the agricultural produce marketing committee (APMC) markets from October to December 2022, the crucial harvesting season, earned an additional 8,241.6 crore over the combined minimum support price (MSP) value….
Telangana and Andhra Pradesh have seen a sharp decline in cotton arrivals. When compared to the same day last year, when arrivals were 3.61 lakh quintals, this year’s arrivals at Warangal market yard have decreased by nearly 45% to 1.98 lakh quintals. Farmers have attributed the poor yields this year to excessive rains at the…
In response to rising domestic and international demand, the price of the common spice cumin (jeera) has increased significantly by at least ‘300 per 20 kg in the past week. The commodity’s price increased from 4,800 to 5,100 to 5,100 to 5,500 in just the past week. According to market experts, this bull run is…
The cotton crop in India for 2022–2023 is expected to be 4.25 lakh bales (each weighing 170 kg) lower than the previous year, when 307.05 lakh bales were produced, due to forecast declines in production in Andhra Pradesh, Karnataka, and Haryana. The CAI predicted a decrease in cotton production for November in Punjab (0.75 lakh…
The Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch has been urged by the Commodity Participants Association of India (CPAI) to request that MCX swiftly disclose the new cotton futures contract specification. The present contract will expire on December 30, according to CPAI President Nariender Wadhwa, who noted that MCX informed on…
The Cotton Association of India (CAI), the industry’s leading organization, has urged the Minister of Commerce, Food, and Textiles, to immediately reduce the 11 percent import duty on cotton. Atul S. Ganatra, president of CAI, wrote to Goyal to demand that the government reduce the duty on cotton because domestic prices are 15% higher than…
Traders predict grim futures for the export of the fibre crop as domestic cotton prices continue to dominate higher than rates in the international market. At the same time as key producing regions are seeing an increase in cotton arrivals at agricultural produce marketing committee (APMC) yards, However, farmers would rather hold back their produce…
The current season has seen cotton producers demand a minimum support price (MSP) of $12,000 per quintal, claiming that while yields have decreased, production costs have climbed dramatically. Cotton farmers in Telangana assert that the cost of production is 8,000 rupees per quintal since pesticide use and labor prices have increased. Yields have drastically decreased….
