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….
The Cotton Association of India (CAI) has advocated premiums for cotton ginners to entice them to deposit their stocks at MCX godowns and enable legitimate dealers to engage on the exchange platform in an effort to increase liquidity for the MCX cotton contracts. The MCX new product committee accepted the CAI proposal at its meeting…
The production for the October-September cotton year 2022–23 is anticipated to increase by about 15%, provided the weather remains favourable until October, providing relief to the entire cotton value chain, at a time when the central government is concerned about the closure of 50% of the country’s spinning mills due to cotton shortages. India’s cotton…
Prices of the fibre in the domestic market have dropped below Rs 90,000 per candy (356 kg per candy) from over Rs 1 lakh per candy in a week as early sown cotton sales have started in mandis in cotton-growing states like Gujarat. Due to increased crop supply and poor demand from the textile industry,…
Cotton imports by a few spinning mills in Tamil Nadu are likely to result in trade discussions with the buyers yet to get delivery of consignments over the last few months. Some of the mills which had to receive these imported cargoes in March and April have not got any response from the sellers over…
