By admin       2017-10-12

Over the last week, Maharashtra’s Marathwada and Vidarbha regions received rains, while there has been sporadic precipitation in southern and central Madhya Pradesh and southern Gujarat. According to traders, thin arrivals have started from these markets. Arrivals hovered in the range of 2,000-8,000 bales per day in Andhra Pradesh, Karnataka, Gujarat and Madhya Pradesh – arrivals from Punjab has been higher at 25,000-27,000 bales per day. “Arrivals are slow due to continuous rains in Telangana and Karnataka, which is seen affecting the quality of the fibre,” said Ramanuj Das Boob, a ginner based in Raichur, Karnataka. The cotton that’s arriving in the markets has higher moisture of over 10-12 per cent, while the acceptable moisture levels are 9-10 per cent. But all mills are buying cotton with higher moisture, said Boob. J Thulasidharan, Managing Director, Rajratna Group of Mills, and Chairman of the Confederation of Indian Textile Industry (CITI), said: “Mills are entering the market as they run out of cotton stocks. The fresh cotton arrivals are delayed as harvesting in the fields where it rained recently is difficult. However, good rains have helped the cotton crop, and the long-term trend appears bearish, not only in India but globally, too, as the US, Australia and other cotton-growing countries have been seeing good crop.” Thulasidharan said that prices will cool off in the medium-term as the supplies will pick up. The Ministry of Agriculture estimated that the cotton acreage during the 2017-18 season (October-September) will rise 12 per cent compared to last year. The yield is also likely to go up in view of the good monsoon witnessed across all cotton-growing regions thus far. The government estimates of cotton output of 322.73 lakh bales, while the trade sees a higher crop on better yields. Global production The International Cotton Advisory Committee (ICAC) has predicted that world cotton production will increase 10 per cent during 2017/18 to reach 25.4 million tonnes. The production is projected to increase in all major producing countries, including the US, India, China, Pakistan, Brazil, Francophone Africa and Turkey.

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