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Cotton price to rise 8-10%?
The Cotton Advisory Board CAB has revised its cotton output estimate to 370 lakh bales 1bale 170 kg from the previous estimate of 377 lakh bales for cotton season 2018 beginning October 1, 2017.
ICA delegation visits CAI
A two-member delegation from International Cotton Association Ltd (ICA), Liverpool consisting of its President, Salman Ispahani and Managing Director, Bill Kingdon visited the Cotton Association of India (CAI) on February 27, 2018 and met the CAI team led by its President, Atul S Ganatra.
India’s cotton crop put at 37.5 mn bales
India expected to produce about 37.5 million bales (170 kg each) of cotton amidst the pink bollworm infestation situation in major cotton growing regions.
CCI to focus on commercial operations
The Cotton Corporation of India (CCI) has procured about 5 lakh bales this season of which 4 lakh bales have been procured at minimum support price (MSP) and the remaining 1 lakh bales as part of its commercial operations, senior officials at the CCI said.
RCM under GST worries cotton industry
The issue of Reverse Charge Mechanism (RCM) under GST is worrying the cotton industry, especially the ginners in India. Hence, the Cotton Association of India (CAI) convened a joint meeting of the Presidents and Secretaries of upcountry associations of all cotton growing States in Mumbai
Aim for 1000 kg/ha cotton productivity: CAI chief
The cotton sector in India has clocked an envious growth and it has carved a niche for itself in the international market. India has the largest acreage under cotton, which is about 1/3rd of the world’s total cotton acreage.
Cotton market to witness pressure
Cotton market will show signs of pressure, for at least a short timeframe. Looks like, there is going to be lot of cotton world over. Addressing the 95th Annual General Meeting of Mumbai-based Cotton Association of India, Nayan Mirani stated recently, “cotton prices are likely to witness a depressing trend.”
CAI opposes buffer cotton plan
The Mumbai-based Cotton Association of India (CAI) is against Cotton Corporation of India stockpiling 7 to 8 million bales (170 kg each) by procuring during peak arrival season to sell to user mills during May to September time-frame. According to CAI, this scenario will need huge investment by the public sector Cotton Corporation of India and also it will incur losses due to price fluctuations. CAI in citing the China reserve policy, India should learn from China and should not venture into the reserve situation for cotton surplus country like India.
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