The United States Department of Agriculture (USDA) forecasts India’s cotton production for 2019/20 at 29.0 million 480-pound bales, up 2 per cent from its previous forecast and 9 per cent from last year. Harvested area is forecast at 12.6 million hectares, up 2 per cent from last month and unchanged from last year. The increase […]
Farmers have reduced area under cotton sowing this season in favour of some oilseeds in which they foresee better earnings. Cotton prices, despite a much lower crop as estimated by trade and industry, have not given them much returns in the last season. Lower cotton acreage and lower availability at a time when crude oil prices are falling is likely to raise […]
In a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all Kharif crops for 2019-20 Season. The move will lead to increased investment and production through assured remunerative prices to the farmers, an official […]
With global harvested area for cotton projected at its highest in 7 years, and yields rebounding in major producing countries, production is expected to rise 7.0 million bales to a near-record 125.5 million 2019-20, the US Department of Agriculture (USDA) said in its latest report. U.S. production is expected to rise the most, closely followed […]
India’s foodgrains production in 2018-19 is estimated at 283.37 million tonnes which is higher by 17.62 million tonnes than the previous five years’ (2013-14 to 2017-18) average production of foodgrain, but lower than the 285 million tonnes foodgrains produced in the previous year, according to the third advance foodgrain estimates released by the Agriculture Ministry. […]
The world cotton market faces continued uncertainty due to the escalating US-China trade war, with prices under additional pressure due to a projected increase in global stocks, the International Cotton Advisory Committee (ICAC) said in its latest monthly report. It said there is some hope that American and Chinese representatives might be able to de-escalate […]
China, the world’s top cotton consumer, has announced that it will auction 800,000 tonnes from its reserve in 2019. The 25% tariffs placed on US cotton in July 2018 remain in place, however, and that has led to changes in the way fibre flows into China, the International Cotton Advisory Committee (ICAC) said. As China’s […]
India will surpass China to become the world’s largest cotton producer in 2019-20 season, according to latest estimates from the US Department of Agriculture (USDA). India’s cotton production during the season is forecast to increase by 3-million-bales to 28.5 million bales, while China is likely to produce 27.75 million bales. One bale is equivalent to […]
The operating margins of Indian cotton yarn spinners may shrink by 100-150 basis points (bps) in fiscal 2019-20 owing to lower cotton output, rising cotton prices and moderating demand, reversing the recovery seen the previous fiscal, according to rating agency CRISIL. That, however, is unlikely to materially affect the credit profiles of spinners, it said. […]
India is set to grow soybeans on more land in the 2019 crop year as higher prices for the oilseed push some farmers to switch from cultivating competing commodities such as cotton and pulses, a top official of the Soybean Processors Association of India (SOPA) told Reuters. Increased production of India’s main summer-sown oilseed could […]
