The Committee on Cotton Production and Consumption (COCPC), at a current assembly, estimated cotton manufacturing this season, ending September, at 323 lakh bales and exports 27 lakh bales.
The Cotton Association of India (CAI), nonetheless, mentioned manufacturing might be 309 lakh bales primarily as a result of it expects manufacturing in Telangana to be 34 lakh bales in opposition to 48 lakh bales estimated by the COCPC. “We get the cotton-pressing data from the Telangana ginners association. Telangana production this year is higher than last season. But, it is not high as estimated by COCPC,” CAI president Atul Ganatra mentioned.
Indian cotton costs have been decrease in December and January in contrast with the worldwide costs and so virtually 15 lakh bales have been shipped until the top of final month. The Indian cotton costs have elevated and solely the contracts entered earlier might be shipped this month. So, exports might be 20-22 lakh bales this season, he mentioned.
S. Ok. Sundararaman, chairman of the Southern India Mills Association (SIMA), suggested the textile mills to keep away from panic shopping for based mostly on varied estimates. Cotton value elevated from ₹55,300 a sweet to ₹61,500 per sweet of 355 kg final month although the availability position is snug.
The Cotton Association of India (CAI), nonetheless, mentioned manufacturing might be 309 lakh bales primarily as a result of it expects manufacturing in Telangana to be 34 lakh bales in opposition to 48 lakh bales estimated by the COCPC.
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The Cotton Corporation of India is prioritising provide to textile mills, particularly the smaller models. It has prime quality cotton with it and so there isn’t any want for panic available in the market, he mentioned.
