THE INDIA COTTON REPORT
Article Abstract:
Cotton production in India declined by 18 percent to 14.6 million bales in 1997-98. The decline in production is attributed to unfavorable weather conditions in Maharashtra, Andhra Pradesh and Karnataka and some northern states. Production of high quality medium and long staple cotton has also declined. The average all India yield fell by 16 percent to 269 kg per hectare. This led to import of 600,000 bales of cotton. Exports declined to 200,000 bales due to higher domestic prices and poor quality. In 1998-99, exports are expected to increase to 500,000 bales. India is likely to import small quantities of high quality medium and long staple cotton to meet the needs of export oriented cotton mills. Higher cotton prices in 1997-98 is expected to boost cotton cropping. In 1998-99, cotton production is estimated at 16 million bales. This includes 600,000 bales of loose cotton. A shift is also likely from finer count varieties to coarser count varieties. (uh)
Comment:
India: Cotton prodn declines by 18% to 14.6 mil bales in 1997-98 attributed to unfavorable weather conditions
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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WILL COTTON EVER BE KING AGAIN?
Article Abstract:
The growing of cotton and manufacturing of cotton textiles has become unviable due to flawed government policies. The government has been levying excise duties only on big companies who have tried economies of scale while small powerlooms operating from places like Bhiwandi, Ichalkaranji and Surat have been exempted. Exports of cotton are subject to quotas imposed by the government while the support prices are very inadequate and low when compared to international prices. The indifferent policies of the government has very badly affected the cotton manufacturing segment and it is estimated that about 257 cotton textile mills have closed down. (khr)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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COTTON: SPINNING FOR A BETTER TOMORROW
Article Abstract:
India's production of raw cotton is 2.4 million tonnes per annum (tpa) against a global output of 20 million tpa. Cotton export oriented units are exempted from many restrictions which are faced by domestic units. The reduced prices of synthetic fibres has seen a shift from cotton to synthetic and blended fabrics in the domestic markets, which has left a greater surplus for exports. Cotton textiles contribute about 11 percent to the country's total export earnings. The share of mill made cloth has fallen from 36.4 percent in 1980-81 to 6 percent in 1997-98 due to the government's policy of favouring handlooms and powerlooms for weaving. (khr)
Publication Name: Financial Express Investment Week
Subject: Business, international
ISSN: 0015-2005
Year: 1998
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