Seen rising 10 - 15%

2017-18 cotton production on higher acreage

GMT 12:03 2017 Wednesday ,16 August

Sriyadithatextile - 2017-18 cotton production on higher acreage

Cotton acreage

Not withstanding crop damage due to floods in Gujarat, the largest cotton producing state, India’s cotton output in the forthcoming 2017-18 season starting October is seen increasing by 10-15 per cent on rise in acreage across the country. Besides, a favourable monsoon in most parts of key growing states such as Maharashtra and Andhra Pradesh, and in North India, is aiding the output.

The cotton trade estimates the output to be higher, by 10-15 per cent, for 2017-18 over last year’s output of 337.25 lakh bales of 170 kg each.

Per the Union Ministry of Agriculture, cotton had been sown on 111.55 lakh hectares till July 28, as against 92.33 lakh hectares witnessed for the same time last year, thereby indicating an increase of close to 21 per cent in the acreage.

Maharashtra has registered kharif cotton sowing of over 38.47 lakh hectares, while in Gujarat the area stood at 25.84 lakh hectares.

However, with the recent flooding in the key growing regions of Gujarat, the authorities expect a damage of about 30 per cent to the crop in the State.

“Trade and government estimates put the acreage growth at about 20 per cent. But we still have monsoon days left and it is unpredictable about the rain fury in other parts. Hence, estimating the output may be speculative,” said Nayan Mirani, President, Cotton Association of India (CAI), the apex trade body.

“However, considering the existing factors and the rainfall, the acreage will comfortably increase by 10-12 per cent and we will have almost equal increase in the production volume too,” he added.

Kharif cotton sowing is completed in most parts of the country and fresh arrivals are likely to begin by mid-September.

J Thulasidharan, Chairman, Confederation of Indian Textile Industry, said the cotton crop situation would be clear only by end August. “The crop needs some rain during August-September, and the pest attack also happens after 140 days of the crop. The changes in the crop will have to be assessed at regular intervals,” he said and added that a small portion of the area (around 6 lakh hectares) stood damaged in Gujarat, but re-sowing has commenced. “We will have to wait and see.”

Market looking good

Meanwhile, considering the increase — both in area and production — in the global cotton scenario, the market, he said “looks good at this juncture”.

“Forward contract rates for September–October delivery stand at around ₹39,000-39,500 a candy, while the December delivery quotation is still lower at ₹37,000 a candy,” Thulasidaran said. Mills will benefit only if the rates are stable, he added.

“The situation is comfortable. Mills need not panic,” said K Selvaraju, Secretary-General of the Southern India Mills Association, referring to the current season.

Low availability

However, trade sources revealed that current stock position has deteriorated and cotton availability is low. “The stock position is very weak at present and we fear that if fresh arrivals don't start from Punjab by mid-September there will be a short-term rally in prices. So, in the near term, we do not see prices falling as a result of the higher production outlook,” said Arun Dalal, a cotton expert based in Ahmedabad.

Meanwhile, the International Cotton Advisory Committee (ICAC) has predicted uncertain cotton prices for the year 2017-18. The benchmark Cotlook A index is likely to hover around 69 cents/lb during the year.


According to ICAC, world cotton production may increase by 8 per cent to 24.9 mt on the increase in the world cotton area by 8 per cent to 31.7 million hectares.

India is expected to remain the world’s largest producer in 2017-18 with output rising 6 per cent to 6.1 mt .

On the consumption front, ICAC has predicted world cotton consumption will rise by 2 per cent to 25 mt , while that for India is likely to increase by 2 per cent to 5.3 mt in 2017-18. India’s exports are forecast to rise by 2 per cent to 930,000 tonnes, ICAC noted.

Global Textile News

CAI maintains 2018-19 cotton

Estimate at 315 lakh bales

The Cotton Association of India (CAI) has retained its May estimate of the cotton crop for 2018-19 season that began on October 1, 2018, at 315…Read more

FESPA 2017 (German) press release

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017   TXF printer offers speeds of up to 24 sq.…Read more

Vietnam National Textile and Garment Group

City to host textile industry expo

HCM CITY — The Vietnam Saigon Textile and Garment Industry/Fabric and Garment Accessories Expo (Saigon Tex 2017) that will showcase high-end machinery and equipment and…Read more

Deshpande urges PM

To slash GST rates

Revenue minister RV Deshpande on Sunday urged Prime Minister Narendra Modi to respond to the slowing economy by slashing goods and services tax (GST) rates,…Read more


Smriti Irani’s cotton campaign trends on Twitter

A year after the hashtag 'IWearHandloom' trended on Twitter, Union Textile minister Smriti irani is back at it. On Tuesday, she tweeted a selfie in a cotton…Read more

Revenue and its forecasts

Global Textile Dyes market 2017

Textile Dyes Market analyzed the Industry region, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the…Read more

 العرب اليوم -