
Strong demand from the cotton market and depleting stocks in addition to 10% import duty levied on cotton have collectively caused cotton prices in India to soar.
16 published items with the word (s) or phrase Cotton Corporation of India in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Strong demand from the cotton market and depleting stocks in addition to 10% import duty levied on cotton have collectively caused cotton prices in India to soar.
Cotton planting in India is likely to rise by 15 percent in the 2017/18 marketing season to a three-year high as farmers switch away from other crops, likely boosting cotton production and exports.
India's purchases of cotton are set to plunge 89% as local prices have jumped after crop failures forced neighbouring Pakistan to raise imports from the world's biggest producer of the fibre.
Pakistan is buying more cotton than expected from India after floods cut its own crop to the smallest in over a decade, opening an opportunity for the world's biggest producer to offload its bulging stockpiles.
Pakistan is buying more cotton than expected from India after floods cut its own crop to the smallest in over a decade, opening an opportunity for the world's biggest producer to offload its bulging stockpiles.
India, the world's biggest cotton producer, is likely to export 6.8 million bales in the 2015/16 season, up 18% from a year ago as demand from Asia is expected to improve, a senior government official said on Tuesday.
India will be forced to make large-scale government cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices, industry officials said.
Chinese cotton imports dropped nearly 26 percent in June from the year before as relatively high international prices and a lack of quotas for shipments curbed appetite for overseas purchases.
Cotton exports from India, the world's biggest producer and second biggest seller, are expected to fall 41 percent to a five-year low of 7 million bales this crop year ending September.
Indian raw cotton exports are expected to plummet around 20 percent in the next crop year, with demand from China fading as Beijing unwinds a controversial stockpiling scheme.