India to see drop in cotton cultivation by 15% over low price and lower demand

Related Keywords: Cotton cultivation in India, global cotton cultivation, global demand, ICAC, lack of good quality, low price and lower demand, South Indian Mills Association

Ahmedabad/Rajkot
India to see drop in cotton cultivation by 15% over low price and lower demand
Summary: 
India’s cotton cultivation is estimated to drop by 20 percent in 2015-16 if low price and lower demand continue to remain will discourage farmers to reduce cotton cultivation, after having witnessed a year of record production. In 2014-15, cotton area under cultivation was around 13 mn hectares about 1.5 mn hectares higher than the previous year.

India’s cotton cultivation is estimated to drop by 20 percent in 2015-16 if low price and lower demand continue to remain will discourage farmers to reduce cotton cultivation, after having witnessed a year of record production. In 2014-15, cotton area under cultivation was around 13 mn hectares about 1.5 mn hectares higher than the previous year.

While global demand for cotton and cotton yarn dropped in recent months, cotton prices also dipped owing to lack of good quality cotton in the market.

http://www.business-standard.com/article/markets/cotton-cultivation-in-next-kharif-may-dip-15-if-prices-remain-low-115020301189_1.html
0

Indorama Venture Plc plans to acquire a leading premium polyester tire cord fabric producer

Related Keywords: Asian manufacturing operations, expand polyester capacity, fastest-growing market, global demand, Indorama Venture Plc, Performance Fibers Asia, plan to acquire, polyester portfolio, polyester tire cord fabric, Sun Capital Partners Inc

Thailand
Indorama Venture Plc
Summary: 
Indorama Venture Plc (IVL) has announced that (subject to the approval of regulators) it plan to acquire the Asian manufacturing operations of Performance Fibers Asia (PF Asia) from an affiliate of Sun Capital Partners Inc.

Indorama Venture Plc (IVL) has announced that (subject to the approval of regulators) it plan to acquire the Asian manufacturing operations of Performance Fibers Asia (PF Asia) from an affiliate of Sun Capital Partners Inc.

The acquisition of PF Asia will both increase IVL's polyester capacity by 2% to 1.82mta (and expand its total capacity by 0.5% to 8.41mta) and boost its High Value Added (HVA) polyester portfolio by 15% to 322kta.

http://www.nationmultimedia.com/business/Indorama-Ventures-30249451.html
Company News
0

India raises cotton export estimate by 27 percent to 11.4 mn bales

Related Keywords: cotton consumption, cotton production, export estimate, global demand, Indian cotton industry

Mumbai
India raises cotton export estimate by 27 percent to 11.4 mn bales
Summary: 
India, the world's second-biggest cotton producer with strong global demand flowing from buyers beyond China as increased its export estimate for the crop year ending September by 27 per cent on Wednesday.

India, the world's second-biggest cotton producer with strong global demand flowing from buyers beyond China as increased its export estimate for the crop year ending September by 27 per cent on Wednesday.
 
The new estimate of 11.4 million bales is also higher than India's shipments last year and could further pressure New York cotton futures that hit their lowest in about one and half years on Tuesday. (1 Indian bale = 170 kg)
 

http://www.deccanchronicle.com/140703/business-latest/article/india-raises-cotton-export-forecast
0

Cotton prices likely to see mixed trading in India

Related Keywords: Cotton Association of India, cotton price, cotton sowing, cotton yarn export, global demand, kapas, long staple, medium staple, trade

New Delhi
Cotton prices likely to see mixed trading in India
Summary: 
Cotton prices may trade on a mixed note. Forecast of below normal rains, lower sowing, demand from the millers and declining supplies may give support to the prices. However, higher production, lower cotton yarn exports, global demand concerns and comfortable supplies may pressurize prices at higher levels.

Cotton prices may trade on a mixed note. Forecast of below normal rains, lower sowing, demand from the millers and declining supplies may give support to the prices. However, higher production, lower cotton yarn exports, global demand concerns and comfortable supplies may pressurize prices at higher levels.
 
However, concerns over global demand coupled with higher output last year and weak cotton yarn exports to China capped sharp gains. NCDEX Kapas as well as MCX Cotton futures settled 0.4% and 0.1% higher.
 

http://www.moneycontrol.com/news/brokerage-recos-commodities/cotton-prices-may-trademixed-note-angel-commodities_1116320.html
Cotton Linter
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