Cotton prices may continue to rally in the coming quarters and are likely to cool-off in the second half of 2022, while palm oil prices are expected to hit new highs on robust demand and tight supplies in the new year, Commtrendz Research said. Addressing a webinar on Commodities Market Outlook 2022, organised by Business […]
The 2021/22 global outlook for cotton production is down with a significantly smaller crop in Pakistan more than offsetting larger crops in Benin, Turkey, and Uzbekistan, the USDA said in its latest monthly report on world agriculture. Use is mostly unchanged, it said, adding that ending stocks are down more than 1.0 million bales on […]
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 […]
The Cotton Association of India (CAI) stated that cotton arrivals in the first month of the season stood at 31.12 lakh bales (170 kg each), up by about 15 % from 27.16 lakh bales recorded in the same month last year. The organisation has retained its earlier projection of crop yield for the season beginning […]
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 […]
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 […]
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 […]
Union minister Piyush Goyal called for a drastic increase in India’s cotton productivity from 457 kg per hectare to around 800-900 kg per hectare. “The world average is around 757 kg per hectare. India’s rank today is 34th, which is truly abysmally low. We should aspire to be among the top three productive countries in […]
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 […]
Kapas (cotton) prices are likely to rule above the minimum support prices (MSP) for a better part of the season, which means procurement of cotton from farmers by the Cotton Corporation of India (CCI) will be minimal in the 2021-22 season. Procurement may be required during the peak season when prices drop below the MSP, […]
