Agri Business

Cotton arrivals up 8.2% on dry weather

Our Correspondent Mumbai | Updated on January 05, 2011

Cotton harvesting has accelerated and arrivals at spot markets so far in the 2010-11 season rose by 8.2 per cent on year, the State-run Cotton Corp of India said on Monday.

Arrivals as on January 2 stood at 13.69 million bales (of 170 kg each) compared to 12.65 million bales a year ago, as weather was dry over key growing States like Maharashtra and Gujarat, the Government body said on its Web site.

The Indian cotton year runs from October to September.

Higher arrivals will help cotton exporters fulfil their export obligations, said a dealer based in Rajkot, Gujarat.

Output is likely to cross 32.5 million bales of cotton in 2010-11, topping last year's 29.5 million bales, industry and Government officials have said.

Published on January 04, 2011

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