The all India kapas arrivals have picked up to approximately 1 lakh bales per day and there is not much of damage…
fe Bureau | Chennai | November 26, 2014 11:01 pm
The all India kapas arrivals have picked up to approximately 1 lakh bales per day and there is not much of damage to the standing cotton crop due to rains, after weakening of the cyclone over Gujarat and Andhra Pradesh, Indian Cotton Federation (ICF) said on Wednesday.
In the northern region of Punjab, Haryana and Rajasthan, the kapas arrivals have started picking up. Punjab J-34 r/g is priced at R3,410 per maund spot while Haryana J-34 r/g priced at R3,310 per maund spot. Rajasthan J-34 r/g was quoted at R3,320 per maund spot.
However, cotton yield may be very less in Telangana, in areas surrounding Adilabad and Vidarbha due to lack of rains. This situation may lead to a drop in the overall cotton crop of India to below 400 lakh bales. Cotton output would be affected in states like Gujarat, Maharashtra and Andhra Pradesh, ICF said. (Source: Financial Express)