Textile associations in India have welcomed the raised allocation for the sector in this year’s budget, saying it will help firms in many ways, including clearing pending rebate of state levies (RoSL) dues.
India’s cotton production is experiencing challenges from the pink bollworm pest, as well as fluctuating prices and low quality pesticides. Farmers are hoping for a solution before India’s cotton production loses out.
The Andhra Pradesh agriculture department officials are expecting 4.66 lakh tonnes of cotton out of 1.82 lakh hectares of farm land in Guntur district, according to civil supplies minister P Pulla Rao.
The Indian Cotton Federation (ICF) in order to bring price stability has requested the Prime Minister Narendra Modi to direct Cotton Corporation of India to procure 100 lakh bales in the current financial year.