USDA projects India’s cotton production to rise to 29.5 million bales in 2019-20; pegs soybean crop at 11 million tonnes

The United States Department of Agriculture (USDA) forecasts India’s cotton production for 2019/20 at 29.5 million 480-pound bales, up nearly 2 per cent from last month and up 11 per cent from the previous year. The increase is based on improved weather conditions in the major cotton areas of Gujarat and Maharashtra. Harvested area is […]

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Cotton prices start rising on monsoon-led crop damage, pink bollworm attack

Cotton prices have started rising the past one week due to lower production estimates this year, following reports of crop damage on erratic rainfall and pink bollworm attack on standing crops in major growing regions, reports Business Standard. Data compiled by Agmarknet.in showed raw cotton prices in Warangal mandi surged by 7 per cent the past 10 days […]

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India’s foodgrains production almost flat at 284.95 million tonnes in 2018-19: Government of India

India’s foodgrains production is almost flat at 284.95 million tonnes in 2018-19 crop year due to fall in pulses and coarse cereals output even as the country harvested record rice as well as wheat crops, according to the Fourth Advance Estimates of Production of Foodgrains for 2018-19 released by the Ministry of Agriculture & Farmers’ […]

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Uncompetitive prices, weak export demand to affect cotton spinners’ profitability adversely: ICRA

The performance of domestic cotton spinners is likely to weaken in FY2020, following a brief recovery in FY2019, as they are grappling with the twin challenges of weak export demand and uncompetitive cotton prices, rating agency ICRA said in its latest report. As per the ICRA report, de-growth in volumes due to lower export demand […]

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Never-ending trade war sinks commodities into a world of trouble: Bloomberg

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The U.S.-China trade war is sparking so much fear over demand that even those parts of the commodity world that aren’t in the direct firing line are getting burned, says a report by Bloomberg Oil had its biggest sell-off in four years after U.S. President Donald Trump brought an abrupt end to a truce forged […]

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USDA cuts India’s 2019-20 cotton output estimate to 29 million bales; Cotton textile exports decline 30.4% in June 2019

Indian cotton production for the 2019-20 season is estimated to be at 29 million 480 pound bales, the U.S. Department of Agriculture (USDA) attache in New Delhi said in a report, down 1 per cent from earlier estimates. The production decline is the result of reduced plantings in central Maharashtra, where farmers are shifting towards […]

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Farmers in India shun cotton for other crops due to better incentives

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 […]

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