Cotton Sowing Report as on 31/08/2017

Transcription

1 CORE PURPOSE AND MISSION: To assist cotton farmers in improving yield & quality, helping cotton users locate regular sources of quality cotton at nominal prices and to prevent the arbitrary use of paper and plastic objects where cotton can easily be replaced as a renewable resource (e.g. cotton handkerchief vs. tissue paper, cotton bags vs. plastic/paper bags), thereby saving the environment. =========================================================== Date: 06/09/2017 Quote: I never think of the future - it comes soon enough. - Albert Einstein Cotton Sowing Report as on 31/08/2017 State Central Agri Ministry (Lakh hact.) Punjab Haryana Rajasthan Gujarat Maharashtra M. P A.P Telengana Karnataka Tamilnadu Other Total Source: Central Agri Ministry Weather Report: To know more subscribe for our

2 COTTONGURU TM Disease Management Initiative for Cotton farmers-: Here is a report of the remedial action against White Fly disease. The whitefly counts are moderate this year and seen in few locations in Punjab, Haryana and Rajasthan has crossed danger limits. But the counts are reducing after application of recommended interventions. Thrips has outnumbered whitefly during this year. The following interventions can be applied wherever whiteflies have crossed basic limits.to know more subscribe for our Domestic Market Summary: New crop prices have steadied or rather improved following reports of slight delay in arrivals due to the recent rains across most of India, especially North India. Old crop prices are stable as there is a shortfall in current physical cotton stock, especially of good quality cotton. Spinning mills are in a dilemmato know more subscribe for our Export-Import: Import of cotton will continue for a few days as some of the deliveries are scheduled for Sep. Cotton export activity will be slow To know more subscribe for our Yarn: Only one fourth of India s spinning mills have been able to sell their total yarn production in last month. Very few mills were able to partially cut down on production resulting in piling up of yarn stocks. Yarn sales are expected to beto know more subscribe for our Fabrics: Domestic fabric market is going to be slow till October end due to To know more subscribe for our International Market Summary: All agro commodities, including cotton, continue to be influenced by weather conditions around the world. ICE cotton futures have registered To know more subscribe for our China: Chinese cotton prices have significantly risen during the auction and early part of the season. Initially when the Chinese cotton price started going up it pushed the rates in Pakistan, India & NY to follow the trend, resulting in upto To know more subscribe for our US:

3 Hurricane Harvey left cotton crops along the Texas Upper Coast and Lower Blacklands either in ruins or with an uncertain future. The long term effect may not be so bad but the present.some of the affected areas To know more subscribe for our Upcoming Conferences: COTTONGURU TM Media is the official Media Partner for the following upcoming Conferences. 1. India Textile Sourcing Exhibition, Gandhinagar: 2. Techtextil India, Mumbai, India: Post Seminar Report: RATLAM-JHABUA COTTON TRADERS ASSOCIATION AGM Following an invitation received from Ratlam-Jhabua Cotton Traders Association (M.P.) as an expert speaker on How to make profit in Ginning, COTTONGURU TM presented a slide show sharing updated information on cotton arrivals during , sowing for , exports and imports of cotton and yarn during the last 3 years and cotton yields during the last 7 years. Most of the ginners acknowledged that they did not realise the tremendous potential in cottontrade and ginning. COTTONGURU TM also showed a film about the risks involved in cotton ginning and trading. Amongst all the risks that are inherently involved, the 2 major risks are: Price risk Supply chain risk Since last few years, cotton market is subject to lot of price fluctuations resulting in heavy losses or even defaults amongst even leading ginners. COTTONGURU TM shared his experience with over 400 ginners in India and across the world on how some of them are effectively managing the above risks. Apart from risks, COTTONGURU TM also explained the significance of Quality with the perspective of the buyers (mills and exporters). Contamination and variation are the major pain points of buyers of Indian cotton. It is most important to control both. There were lot of questions form the ginners which were answered by COTTONGURU TM to the complete satisfaction of the audience. COTTONGURU TM Mobile APP: For daily updated cotton news and Buy/Sell offers, download the COTTONGURU APP from your Android Mobile Play store: Something Different: COTTONGURU TM CLUB MEMBER:

4 Risk Management Reports: ICAC: In 2017/18, world cotton production and mill use are estimated at 25.1 million tons, which would result in 9% increase in output and 2% rise in consumption. World cotton stocks are projected to remain stable atto know more subscribe for our

5 Expert Opinions: BUY THE RUMOR, sell the fact. Cotton is beginning to get top heavy....irma willl hit at least 5 million bales what happened to quality OA Cleveland COTTONGURU TM Comments: Ginners situation: Improvise or perish There are reports that SBI has initiated assetss recovery of some of the ginning factories in Gujarat.The financial condition of ginning factories in India has been deteriorating since last 2 years. Till some few years ago, ginning was considered a most prospective business in terms of return on invest6 (RoI). Cotton has always been surplus in India, so availability was never an issue. The only issue was To know more subscribe for our COTTONG GURU TM Fortnightly Newsletter Top Interviews: 1. Exclusive Interview with Dr.Kavita Gupta, IAS, Textile Commissioner of India. / 2. Exclusive Interview with Mr. Jose Sette, Ex..Exe Direc, ICAC 3. Exclusive interview with thought leader Mr. Suresh Kotak, Chairma an of Kotak& Co. About Us: FIRST AND ONLY REGISTERED COTTON VALUER IN INDIA COTTONGURU Mr. Manish Daga MEMBERSHIP 1. FIEO (Federation of Import & Export Organization)

6 2. CAI (Cotton Association of India) 3. ISCI (Indian Society for Cotton improvement) 4. IFS ( Indian Fibre Society) 5. TAI (Textile Association of India) COTTONGURU Fortnightly Newsletter is a cotton market analysis newsletter with a global outlook committed to authenticated and sustainable content. It revolves around cotton and textile industry as a concept in terms of trade, research and knowledge. The newsletter is circulated to over 10,000 Textile companies, Textile & Research Associations, professionals, Government Offices worldwide. About the author: Mr. Manish Daga popularly referred by the cotton industry as COTTON GURU is a qualified textile technologist. He is India s only Cotton Valuer registered by the Indian Institution of Valuers, India. He is the fourth generation in cotton trade, advisory and broking services from his family. The P. R. D. Cottons Group is 113 year old in cotton business uninterrupted. Call or mail for any information, suggestion, feedback or to know how your Company can benefit from the knowledge and experience of COTTON GURU. Call on or mail to manish@cottonguru.org Disclaimer: For private circulation to the addressees only and not for re-circulation. Any form of reproduction, dissemination, copying, disclosure, modification, distribution and/or publication of this Newsletter is strictly prohibited. The contents of this Newsletter are solely meant to inform and is not a substitute for professional advice.