More hopes bloom on cotton crop front

September 2004
Indian Textile Journal;Sep2004, Vol. 114 Issue 12, p131
This article reports that forward transactions have begun taking place in India with the arrival of new cotton crop in the Northern region, particularly in Punjab, Rajasthan and Haryana. Forward prices of select cotton varieties have come down due to favorable weather conditions for new crop, weak overseas market and limited buying interest from mills. Good rains in major cotton-growing areas have made the new crop healthier. The monsoon in 2004 has been good to excellent in most of the regions and now with the appearance of sunshine in Andhra, Karnataka, Punjab, Haryana and Rajasthan and scattered rain in Madhya Pradesh, Maharashtra and Gujarat, the standing crop is expected to be much better. In the South, Karnataka and Andhra Pradesh, producers of long and extra long staple cotton have been benefited both in terms of quantity and quality of weather conditions. Gujarat, despite heavy floods in the south, central and western areas is expected to have a good crop and the markets will start receiving fresh arrivals by the first or second week of October 2004.


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