The Cotton Association of India (CAI) has estimated cotton crop for 2018-19 season beginning October 1, 2018, at 340.25 lakh bales of 170 kg each, which is lower by 3 lakh bales than its previous estimate.
The South India Spinners Association (SISPA) recently urged the Tamil Nadu state government to formulate a policy to protect micro, small and medium enterprises (MSMEs) following the rise in cotton prices.
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.