Cotton export jumps in November Cotton exports shipment jumped to 8.61 lakh bales (170 kg each) in November as against 6.21 lakh bales exported in the same month in previous marketing year of 2017-18. In November, cotton shipment jumped 39% YoY. Pakistan was the largest importer of Indian cotton in November, followed by Bangladesh and Chi-na. Vietnam was the fourth largest importer. The unit prices realisation averaged INR129 per kg or US cents 81.20 per pound. Domestic spot prices of benchmark Gujarat Shankar-6 averaged US cents 80.88 per pound while global spot benchmark, the Cotlook ‘A’ index for November averaged US cents 86.99 per pound. Cotton export had ended 2017-18 marketing year (Oct-Sept) with shipment of 8.70 million bales (170 kg each) as against 6.74 million bales exported in the previous marketing year, implying a jump of 29% YoY. Bangladesh was the largest importer of Indian cotton during the year, followed by Pakistan, Vietnam and China. These four buyers accounted for 82% of total shipment and rest was exported to 37 countries, of which, Indonesia, Malaysia and Thailand formed 13.5%. This means only seven destinations accounted for a little more than 95% of total shipment. In terms of value, exports…
Assam is the third largest silk producing state in the country, having potential for production of 3 varieties of silk (mulberry, eri and muga), sharing around 15% of country’s total raw silk production. Muga silk of Assam is the unique golden-yellow silk produced only in India. The variety-wise production of silk in Assam during last 3 years is as under: Year Mulberry (MT) Eri (MT) Muga (MT) Total (MT) 2015-16 40 3143 142 3325 2016-17 52 3619 139 3810 2017-18 59 4645 157 4861 Following plans/schemes of Government are being implemented to encourage silk production and its manufacturers in the country including Assam: Central Silk Board (CSB) has been implementing a Central Sector Scheme “Silk Samagra” for development of sericulture in the country, which mainly focuses on improving quality and productivity of domestic silk thereby reducing the country’s dependence on imported silk. During the year 2017-18, Rs.80.49 crore were released to different States towards support of beneficiaries for implementation of various critical components under “Silk Samagra”. Similarly, during the year 2018-19, Rs.24.62 crore has been released to different States for implementation of sericulture component of “Silk Samagra”, of which, Rs. 21.56 lakh has been released to Assam. The funds released…
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Net Upland Sales 2018-19 Net sales of 47,100 RB for 2018/2019 were down 50 percent from the previous week and 66 percent from the prior 4-week average. Increase Vietnam 29,300 RB China 11,700 RB Mexico 8,100 RB Indonesia 7,200 RB Turkey 5,500 RB Reduction Bangladesh 28,600 RB South Korea 1,600 RB Malaysia 400 RB Net Upland Sales 2019-20 For 2019/2020, net sales of 33,500 RB were reported. Bangladesh 22,000 RB China 8,800 RB Mexico 2,600 RB Japan 100 RB Net Upland Shipment Exports of 154,500 RB were down 3 percent from the previous week, but up 13 percent from the prior 4-week average. Vietnam 46,500 RB China 25,200 RB Mexico 17,800 RB Indonesia 13,500 RB South Korea 7,800 RB Net Pima Sales 2018-19 Net sales of Pima totaling 10,900 RB for 2018/2019 were down 51 percent from the previous week and 49 percent from the prior 4-week average. Increase India 5,500 RB Peru 4,000 RB Turkey 400 RB Honduras 400 RB Reduction Japan 100 RB Net Pima Shipment Exports of 11,700 RB were down 29 percent from the previous week, but up 35 percent from the prior 4-week average. China 7,200 RB India 1,900 RB Pakistan 1,600 RB
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