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Mills import cotton as prices surge
Textile mills have started to import cotton from West Africa and the US as the landed costs are on par with the prevailing market price in the country.
India’s first Bt cotton developed
Punjab Agricultural University in Ludhiana has announced that it has developed country's first genetically-modified (Bt) varieties of cotton — the seeds of which could be reused by farmers, resulting in saving the repeated cost they have to bear every season.
Stable outlook for cotton textiles
India Ratings and Research (Ind-Ra) has maintained a stable outlook for cotton textiles for FY18. However, the agency has revised its cotton outlook to stable for FY18 from negative for FY17.
Cotton to end with 6-bn bale dip
According to the USDA first 2017/18 cotton projections at the Agricultural Outlook Forum, it was disclosed that there will be a 6-million-bale decline in global ending stocks.
ICAC Executive Director resigns
The International Cotton Advisory Committee has accepted the resignation of its Executive Director, José Sette, who is leaving to pursue other professional challenges.
Cotton production receives boost
India's cotton yield has received a boost as 6.6 lakh bales (each weighing 140 kg) of cotton have been procured so far surpassing last year’s production figures of 6.5 lakh bales.
Small rise in Indian cotton intake likely
India is estimated to consume 29.5 million bales of cotton (170 kg each), this season ending this September. Within one month of its recent estimate, Mumbai-based Cotton Association of India (CAI) has revised the estimate of India’s cotton consumption and import numbers.
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