Live Spot Prices
Nickel ( MCX ) 603.1 | Gold ( MCX ) 23427 | Cotton ( MCX ) 17910 | Copper ( MCX ) 378 | Mustard Seed ( NCDEX ) 3563 | Refined Soy Oil ( NCDEX ) 631.1 | Turmeric ( NCDEX ) 6440
India Cotton Cultivators expect a boost in 2017
Commodity Online | April 21 2017
UPDATED 10:32:25 IST

Fumigation derogation to weigh India's Wheat imports

API Reports Crude, Gasoline build; prices may decline further

MCX records Rs. 8,382.97 crore turnover in session 1

Crude Oil: fundamentals bearish, technical’s indicate a potential recovery

Sugar supply tightens as industry awaits GST

Cotton cultivation in India is looking to make the most of the assist they are expecting to get from the normal monsoon. It is expected that the sowing and production of Cotton in India is will get a boost in 2017, same or even more than what they got in the last year.

The increase in acreage will be determined on further clarity on monsoon. But anticipating good monsoon and drop in prices of Pulses and Chilli in the domestic market became favorable for the Cotton cultivation in the country.

Cotton production in the current season has been 34.05 million bales, from a little over 33 million the previous year, though the crop area was less.

The farmers who have grown Pulses are likely to shift to Cotton as they had suffered loss due to poor market prices in the past season. Last year, Telangana government asked the farmers to shift from Cotton to Pulses, only a few has shifted to Pulses and they had to suffer from the price slide.

Commodity Arrivals Rate
Mustard Oil 1.87 9000.00
Coconut Oil 1 14450.00
Arecanut 3 17000.00
Sugar NR 4350.00