CottonGuru Market Newsletter – Fortnightly
Cotton Arrivals: As per CAI report dt 31-12-2023
India Cotton 2023-24
CAI estimates daily Cotton arrivals dropped from 1.75 lakh bales to 1 lakh bales. Total cotton arrivals (1Oct to 31Dec) are about 102 lakh bales,35% of total crop estimate of 294 lakh bales
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India Cotton Scenario 2023: It is 3rd time in last 5 years that CCI has to procure seed cotton MSP operations. Procurement from 1 Oct to 28 Dec = 1.4 million bales That means it is 3rd time in last 5 seasons that seed cotton prices are below MSP Not a very encouraging sight for cotton farming
3 Game changers that will determine the cotton market trend in the new season.
Last year Cottonguru had identified and analysed the impact of 3 main game changers for assessing the cotton market trend:
- Weather
- Government
- Demand
Weather: Red Signal
Errectic & unseasonal rainfall is the cause of yield loss & pest attack in India.
Government: Yellow Signal
Indian government & various state government of india are comingup with policies to promote investment in Textiles and enhance textile exports.
Many of these schmes and policies require effective execution startagy.