Global cotton prices expected to remain high throughout 2021/22 – ICAC

Global cotton prices are expected to be volatile through the remainder of the 2021/22 season, but it is unlikely they will climb much higher than the current point, the International Cotton Advisory (ICAC) said in its latest monthly report. “The ICAC Secretariat does not expect prices or volatility to reach those of the infamous 2010/11 season, when prices […]

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Union Minister Piyush Goyal urges cotton traders to refrain from hoarding and price manipulation

Union Minister Piyush Goyal has cautioned cotton bale traders to refrain from manipulation of prices or resort to hoarding to make unfair profits. Addressing textile industry players in a meeting, he also told them to “resolve cotton pricing issue in the spirit of collaboration rather than competition”. “Goyal cautioned the cotton bale traders from manipulation […]

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Indian cabinet approves over Rs 17,000 crore price support to Cotton Corporation of India

The Cabinet Committee on Economic Affairs (CCEA) has given approval for committed price support of Rs  17,408.85 crore to the Cotton Corporation of India (CCI) for the cotton seasons (October to September) from 2014-2015 to 2020-2021. Since the cotton prices touched Minimum Support Price (MSP) levels, the CCI had procured cotton at MSP prices during […]

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Cotton Association of India estimates cotton output at 360.13 lakh bales for 2021-22 crop year

The Cotton Association of India (CAI) estimated cotton production in India at 360.13 lakh bales for the crop year (October-September) 2021-22, due to expectation of better yield. The total cotton production in the last season is estimated at 353 lakh bales, which is 7.13 lakh bales less than the current season, the CAI said in […]

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India imported 66% of Egyptian cotton in nine months during October 2020 and June 2021

Egyptian cotton exports are recovering from low demand in 2020, and more commitments are being made. By mid-June, Egypt met 95 percent of their export commitments and will likely start the next season with zero carry-over stock, which is a rare occurrence. Egypt’s exported cotton quantities between October 2020 and June 2021 reveals that India […]

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