Trending Now
- “Over the past five years, sugarcane cultivation has declined from 100% to 30%. If this trend continues, TN may be forced to import sugar from Maharashtra.” – Minister Aadhav Arjuna
- “The alliance with the PMK was the reason for the AIADMK’s victory in the northern districts. In seven districts of TN, the AIADMK has won only three constituencies.” – C.V.Shanmugam
- A Bill to amend the Value Added Tax Act to impose a new Environmental and Social Welfare Tax on alcoholic beverages has been passed by the TN Legislative Assembly.
- The TN Govt allocates Rs.264.14 crore for drug prevention and control.
Coimbatore
Cotton price may stay steady during June-October
April 24, 2018
Coimbatore : A very tight financial situation in the spinning sector and comfortable availability of quality cotton, prices are likely to remain steady during June to October, according to Indian Cotton Federation (ICF) here.
A review of cotton crop situation for the current year till September carried out by ICF directors here suggested that monsoon would be a major deciding factor for cotton prices.
ALSO READ : Madurai to host 4-day global food product business summit
It was estimated to have a cotton closing stock of 44 lakh bales as on September 30. There was a total supply of 433 lakh bales as on October 1 last year, including opening stock of 40 lakh bales, production of 375 lakh bales and imports of 18 lakh bales, ICF president J.Thulasidharan said in a statement today .
With mill and non-mill consumption estimated at 320 lakh bales and export of 69 bales, the total demand was 389 lakh bales, leaving a closing stock of 44 lakh bales, he said.
