Cotton arrivals fall 2.9 pc in India
Wednesday, 10 March 2010
MUMBAI, Mar 09 (Commodity Online): According to recent statistics provided by the central cotton body, Cotton Corporation of India (CCI), the cotton arrivals in India have fallen as much as 2.9 per cent year-on-year for the period October 1 -March 6, 2010.
As per the provided figures, the cotton arrivals in India is seen falling during Oct 1-Mar 6, which was 23.1 million bales (1 bale=170 kg), down 2.9 per cent from a year back levels.
Arrivals in Gujarat during the same period were 7.60 million bales, up 21.6 per cent on year. Gujarat has emerged as the country's largest cotton producing state. In Maharashtra, arrivals were lower by 20.7 per cent at 4.8 million bales.
In north Indian states of Punjab, Rajasthan and Haryana, arrivals were lower by 0.4 per cent at 3.58 million bales. Punjab witnessed arrivals of 1.3 million bales, down 18.8 per cent from a year ago. Arrivals in Haryana were 1.30 million bales compared with 1.28 million bales a year ago. Rajasthan arrivals were higher by 37.3 per cent at 975,000 bales during the same period.
Arrivals for southern states of Andhra Pradesh, Karnataka and Tamil Nadu stood at 4.84 million bales, down 6.7 per cent from a year earlier. Andhra Pradesh arrivals were down 9.4 per cent at 4 million bales during the same period. Spot cotton prices on NCDEX remained lower at Rs 588.4 down by 0.57 per cent from its previous close.
As per the provided figures, the cotton arrivals in India is seen falling during Oct 1-Mar 6, which was 23.1 million bales (1 bale=170 kg), down 2.9 per cent from a year back levels.
Arrivals in Gujarat during the same period were 7.60 million bales, up 21.6 per cent on year. Gujarat has emerged as the country's largest cotton producing state. In Maharashtra, arrivals were lower by 20.7 per cent at 4.8 million bales.
In north Indian states of Punjab, Rajasthan and Haryana, arrivals were lower by 0.4 per cent at 3.58 million bales. Punjab witnessed arrivals of 1.3 million bales, down 18.8 per cent from a year ago. Arrivals in Haryana were 1.30 million bales compared with 1.28 million bales a year ago. Rajasthan arrivals were higher by 37.3 per cent at 975,000 bales during the same period.
Arrivals for southern states of Andhra Pradesh, Karnataka and Tamil Nadu stood at 4.84 million bales, down 6.7 per cent from a year earlier. Andhra Pradesh arrivals were down 9.4 per cent at 4 million bales during the same period. Spot cotton prices on NCDEX remained lower at Rs 588.4 down by 0.57 per cent from its previous close.