Business Standard - August 31, 2011
A new record in India's cotton output. A likely rise up to 9% this year. Farmers have migrated to cotton sowing from less remunerative crops. Hurricane Irene destroyed crops in the US and prices would have an upward bias. The crop in other leading producer countries like China and Pakistan has not been encouraging. Since the government has allowed cotton exports under Open General Licence, Indian traders would benefit from higher global prices.
Availability of cotton for 2011-12 is forecast for 40.75 million bales.
For a full report click the link
A new record in India's cotton output. A likely rise up to 9% this year. Farmers have migrated to cotton sowing from less remunerative crops. Hurricane Irene destroyed crops in the US and prices would have an upward bias. The crop in other leading producer countries like China and Pakistan has not been encouraging. Since the government has allowed cotton exports under Open General Licence, Indian traders would benefit from higher global prices.
Availability of cotton for 2011-12 is forecast for 40.75 million bales.
For a full report click the link
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