Cotton acreage in India estimated to increase
Commodity Online | May 25 2017
UPDATED 10:43:23 IST

Saudi Arabia Eyes Total Dominance In Oil And Gas

Wild Volatility Continues As US Markets Attempt To Establish New Trend

LME issues discussion paper on development of electronic options market

Russell 2000 Gaps Present Real Targets

Metals trade lower on profit booking; oil prices extend gains ahead of inventories

With the increase in Cotton prices in India during 2016-17 season, the Cotton acreage in the country is estimated to increase by about 7 to 10 percent, as per Central Institute of Cotton Research.

The area under Cotton during 2016-17 was 10.5 million hectares. The decline in prices of Pulses and the difficulties faced by the farmers proves to be a boon for Cotton cultivation, as the farmers are forced to shift from Pulses to other commodities and Cotton prices were better during the 2016-17 season.

The weather is also predicted to be favourable during 2017-18 season with the early and an above average rainfall in most of the cotton growing regions.

Cotton prices in the domestic markets remained strong during the period of January to April this year. It is expected that the Cotton acreage in Central and South India will be the most to increase during 2017-18 season.