india new season arrivals: (as on...
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CORE PURPOSE AND MISSION: To assist cotton farmers in improving yield & quality, helping cotton users locate regular sources of quality cotton at nominal prices and to prevent the arbitrary use of paper and plastic objects where cotton can easily be replaced as a ‘renewable resource’ (e.g. cotton handkerchief vs. tissue paper, cotton bags vs. plastic/paper bags), thereby saving the environment. =====================================================================
Date: 23/02/2017
Quote:
“Many of life's failures are people who did not realize how
close they were to success when they gave up.”
-Thomas A. Edison
India New Season Arrivals: (As on 15.02.2017)
State wise Arrivals
CCI 2015-16 (Lakh bales)
CCI 2016-17 (Lakh bales)
Punjab 5.90 7.76
Haryana 10.24 13.30
Rajasthan 12.48 11.88
Gujarat 46.41 42.57
Maharashtra 41.16 51.06
M. P. 12.45 13.93
A.P. 12.78 10.59
Telegana 38.51 21.92
Karnataka 7.84 8.82
T. N. 0.65 1.37
Orissa 2.32 1.95
Other 1.45 0.76
Total 192.18 185.90
Domestic Market Summary: Gujarat S6 price chart 1st Feb to 22nd Feb 2017 ... read more
In India, raw cotton arrivals usually peak between November and January, pushing
down prices of cotton bales. This year, post-demonetisation, the domestic cotton
rates have jumped more than 10 % over the past 3 months, with farmers now
delaying seed cotton sales in expectation of further price rise.
Most of the spinning mills did not purchase much cotton when market was down for a
short period after announcement of demonetisation as they were all were
anticipating that prices will...read more
International Market Summary:
5 key factors for bearish trend in cotton prices:...read more
5 key factors for bullish trend in cotton prices:... read more
The U.S. will remain the largest cotton exporter with a market share of 35.8 % as
compared to 26% in 2015.
According to Mr.Don Shirley, University of Georgia, the actual US acreage and
production, US exports, use, and another round of Chinese government reserve
sales will be key to which direction prices go from here.
China:
As reported in COTTONGURUTM Fortnightly Newsletter way back in 2015 after our
personal visit to China, China’s State Council had issued a guideline supporting the
textile and garment industry in Xinjiang and hoped to increase local employment
and facilitate exports. There were plans to install 10 million spindles in Xinjiang to
reduce the cost of spinning as the region produces about 60 % of China’s raw cotton.
Subsequently, annual cotton spinning capacity in Xinjiang Uygur Autonomous
Region has increased by ...read more
US:
Export markets continue to be the major outlet for U.S. cotton. For 2016, the National
Cotton Council (NCC) estimates U.S. exports at … read more
Bangladesh: Spinning mills in Bangladesh continue to look out for sources of quality cotton. The
supply chain seems to be distorted with… read more
Pakistan: Data of Pak as on 15.02.2017 (in lakh bales)... read more
Vietnam:
Vietnam’s demand for raw cotton has risen steadily for 6 years. Vietnam imported
1.034 million tons of cotton in 2016, an increase of 1.6% from a year ago. The
increment is expected to... read more
Australia:
ABARES has reported that... read more
The recent scorching hot weather in Australia is a matter of concern.
Conferences:
COTTONGURUTM was invited as a Speaker in the following Conference.
COTTONGURUTM Media was the official Media Partner for the Conference.
Global Cotton Summit, Dhaka, Bangladesh (27-28 Jan, 2017)
The Summit was organised by
Bangladesh Cotton Association
(BCA) with the support of
Bangladesh Textile Mills Association
(BTMA). The Summit showcased the
rise of Bangladesh as a leading RMG
manufacturer and exporter and
world’s topmost cotton importer
country. More than 300 delegates
from over 10 countries attended the
Summit and there were many
interesting presentations and panel
discussions from World’s leading
speakers.
In his presentation on “Supply Chain Management (Key to making profits in
Cotton Spinning)”, COTTONGURUTM highlighted the significance of a strong supply
chain and gave a roadmap for Spinners so as to make Cotton sourcing (purchasing)
a Stress-Free experience. The presentation also included report about the global
and Indian cotton market trends and huge possibility of bilateral trade between
India and Bangladesh.
Some data about Bangladesh:
Currently Bangladesh is largest cotton fibre importing country and 2nd largest
Apparel producer country after China.
Bangladesh total exports: ... read more
Bangladesh Textile exports: ... read more
Target for Textile exports by 2021:... read more
About 85% of foreign exchange earnings are generated by the Textile Industry.
Ready–made Garment (RMG): RMG is the engine of the cotton supply chain. It
comprises of about 82% of total Textile exports. Since over 10 years, Bangladesh is
the 2nd largest RMG exporter in the world, after China.
Total Garment Factories: ... read more
Knitting Factories: ... read more
Weaving mills: ... read more
Spinning and Ginning: This year, Bangladesh has become the largest importer of
cotton from the world, and also from India.
Bangladesh grows about 180,000 bales (1 bale=218 kgs) of cotton in a year, which is
less than 4% of their annual demand. It aims to grow 1 million cotton bales by 2025
as reported by the Bangladesh Cotton Development Board.
Spinning mills: ... read more
Cotton Ginning mills: About ... read more
Current Cotton Demand: 0.8 million tons
Estimated demand by 2021: ... read more
Bangladesh is the largest cotton importing country which imports around... read
more
Mr. M. Shahidullah, the Vice President of Bangladesh Cotton Association (BCA), said
that “cotton merchants of friendly countries, BCA representatives, BTMA members,
cotton traders, and other stakeholders of cotton business are partners in progress of
our textile. We in textile sector will be able to know the dynamics of cotton more
intensively with clear understanding of the difficulties and possibilities from the
deliberations and discussions during the Summit.”
Shape India – India Textiles 14th International & 72nd All India Textile
Conference M.P., India (27-28 Jan,2017)
The conference was hosted by the Textile Association of India, Bhopal, (M.P.)It
highlighted the significance of M.P. as one of the fastest growing textile state in
India. It was represented by most of the leading textile mills and professionals from
M.P. and throughout India. Mr. Nihalsingh Nirban (President), Mr. Ashok Veda,
(Gen. Sec.) and entire team of TAI (M.P.), took lot of efforts to make the conference
successful.
Textile Association of India
honoured Dr. Hemant Sonare
with Shri. J. J. Randeri Service
Award for service excellence at
national level for development
of Textile & clothing industry of
India. Dr. Hemant Sonare has
significantly contributed for the
socio-economic development
through upliftment of cotton grower farmer’s community of Vidarbha. He received
award from Industry & Commerce Minister, Government of Madhya Pradesh Hon.
Mr. Rajendraji Shukla at the inaugural ceremony of 14th International & 72nd All
India Textile Conference at Bhopal.
COTTONGURUTM suggestion: The cotton consumption of MP has already
overtaken cotton production. The state government must encourage value
added industries like, garmenting and technical textiles and ensure
adequate supply chain management for a sustainable growth.
Something Different:
COTTONGURUTM CSR Management Services:
Pursuant to the Green Initiative in Corporate Governance issued by the Ministry of
Corporate Affairs, we invite you to utilise your CSR obligation such that it
serves the Society,
protects the environment,
enhances your Social/equity image and
Strengthens your Supply value chain. Call: +91 22 25679871/72
Mail: info@cottonguru.org.
Did You Know?
Khadi Movement: Mahatma Gandhi saw it as the end of
dependency on foreign materials (symbolising foreign
rule) and thus giving a first lesson on real
independence.
India's cotton industry struggled in the late 19th century because of unmechanized
production and American dominance of raw cotton export. India, ceasing to be a
major exporter of cotton goods, became the largest importer of British cotton
textiles. Mahatma Gandhi believed that cotton was closely tied to Indian self-determination. In the 1920s he launched the Khadi Movement, a massive boycott of
British cotton goods. He urged Indians to use simple homespun cotton textiles,
khadi. Cotton became an important symbol in Indian independence. During World
War II, shortages created a high demand for khadi, and 16 million yards of cloth
were produced in 9 months. The British Raj declared khadi subversive; damaging to
the British imperial rule. Confiscation, burning of stocks, and jailing of workers
resulted, which intensified resistance. Khadi Movement became a strong base for
Indian independence.
Coming Soon
Coming Soon
Coming Soon
COTTONGURUTM APP:
For daily updated cotton news and Buy/Sell offers, download the COTTONGURU APP
from your Android Mobile Play store:
https://play.google.com/store/apps/details?id=com.websqour.cottonguru
Workshop on Sustainability of Cotton Supply Chain:
A concrete step towards “Make In India”
How to make profit in Raw Cotton Ginning
A very significant ginner workshop was
arranged by M/s Laxmi Cotspin Ltd.,
Jalna, (Maharashtra, India) with
COTTONGURUTM on 27th October,
2016 on the above topic. The main
objective of this workshop was to
strengthen the supply chain of ginners
and spinners.
A majority of ginners and spinners are
disconnected with their supply chain.
COTTONGURUTM has full faith that such
concrete effort by genuine Spinning
Mills will pave the path for more such
workshops to strengthen the supply
chain and realize our Hon. Prime
Minister Mr. Narendra Modi’s dream of
“Make in India”.
Expert Views: O. A. Cleavland: The road to higher prices is higher production!
There are 3 events that must be viewed in any attempt to understand where the
market may go. First, ... read more
Reports: USDA: USDA FEBRUARY INDIA COTTON ESTIMATES FOR 2016-17
... read more
USDA FEBRUARY U.S. COTTON ESTIMATES FOR 2016-17
... read more
USDA FEBRUARY PAKISTAN COTTON ESTIMATES FOR 2016-17
… read more
USDA FEBRUARY CHINA COTTON ESTIMATES FOR 2016-17
... read more
USDA FEBRUARY WORLD COTTON ESTIMATES FOR 2016-17
... read more
USDA FEBRUARY AUSTRALIA COTTON ESTIMATES FOR 2016-17
*Australia 2016-17 Opening Stocks Unchanged At 1.68 Mln Bales Estimated Last
Month.
*Australia 2016-17 Production Unchanged At 4.5 Mln Bales Estimated Last Month.
*Australia 2016-17 Domestic Use Unchanged At 0.04 Mln Bales Estimated Last Month.
*Australia 2016-17 Exports Up At 4.1 Mln Bales (480-Lb) Vs 4 Mln Bales Estimated
Last Month.
*Australia 2016-17 Ending Stock Down At 2.2 Mln Bales (480-Lb) Vs 2.3 Mln Bales
Estimated Last Month.
USDA FEBRUARY BRAZIL COTTON ESTIMATES FOR 2016-17
*Brazil 2016-17 Opening Stocks Unchanged At 6.16 Mln Bales Estimated Last Month.
*Brazil 2016-17 Production Unchanged At 6.5 Mln Bales Estimated Last Month.
*Brazil 2016-17 Domestic Use Unchanged At 3.2 Mln Bales Estimated Last Month.
*Brazil 2016-17 Imports Unchanged At 0.1 Mln Bales Estimated Last Month.
*Brazil 2016-17 Exports Unchanged At 2.9 Mln Bales Estimated Last Month.
*Brazil 2016-17 Ending Stock Unchanged At 6.81 Mln Bales Estimated Last Month.
USDA FEBRUARY TURKEY COTTON ESTIMATES FOR 2016-17
*Turkey 2016-17 Opening Stocks Unchanged At 1.58 Mln Bales Estimated Last
Month.
*Turkey 2016-17 Production Unchanged At 3.2 Mln Bales Estimated Last Month.
*Turkey 2016-17 Domestic Use Down At 6.6 Mln Bales (480-Lb) Vs 6.65 Mln Bales
Estimated Last Month.
*Turkey 2016-17 Imports Down At 3.6 Mln Bales (480-Lb) Vs 3.7 Mln Bales Estimated
Last Month.
*Turkey 2016-17 Exports Unchanged At 0.33 Mln Bales Estimated Last Month.
*Turkey 2016-17 Ending Stock Down At 1.46 Mln Bales (480-Lb) Vs 1.51 Mln Bales
Estimated Last Month.
USDA FEBRUARY BANGLADESH COTTON ESTIMATES FOR 2016-17
*Bangladesh 2016-17 Opening Stocks Unchanged At 1.54 Mln Bales Estimated Last
Month.
*Bangladesh 2016-17 Production Unchanged At 0.12 Mln Bales Estimated Last Month.
*Bangladesh 2016-17 Domestic Use Up At 6.7 Mln Bales (480-Lb) Vs 6.5 Mln Bales
Estimated Last Month.
*Bangladesh 2016-17 Imports Up At 6.6 Mln Bales (480-Lb) Vs 6.45 Mln Bales
Estimated Last Month.
*Bangladesh 2016-17 Ending Stock Down At 1.55 Mln Bales (480-Lb) Vs 1.6 Mln Bales
Estimated Last Month.
USDA FEBRUARY VIETNAM COTTON ESTIMATES FOR 2016-17
*Vietnam 2016-17 Opening Stocks Unchanged At 0.78 Mln Bales Estimated Last
Month.
*Vietnam 2016-17 Domestic Use Up At 5.1 Mln Bales (480-Lb) Vs 4.9 Mln Bales
Estimated Last Month.
*Vietnam 2016-17 Imports Up At 5.2 Mln Bales (480-Lb) Vs 5 Mln Bales Estimated
Last Month.
*Vietnam 2016-17 Ending Stock Unchanged At 0.88 Mln Bales Estimated Last Month.
WASDA REPORT: The 2016/17 U.S. cotton supply and demand forecasts show slightly higher exports
and lower ending stocks relative to last month. Production and domestic mill use are
unchanged.
The export forecast is raised … read more
ICAC: 1. The ICAC forecasts that the season-average Cotlook A Index in 2016/17 will range
between ... read more
2. World cotton production in 2016-17 is projected to rise by... read more
3. PRODUCTION ESTIMATES:... read more
4. CONSUMPTION ESTIMATES:... read more
BANGLADESH: To rise by 5% to 1.5 million tons
VIETNAM: To rise by by 7% to 1.2 million tons
5.IMPORTS:
BANGLADESH :To rise ... read more
VIETNAM : To rise by ... read more
WORLD COTTON SUPPLY AND DISTRIBUTION
2015/16 2016/17 2017/18 2015/16 2016/17 2017/18
Million Tons Changes from previous month
Million Tons
Production 21.07 22.85 23.39 0.00 0.08
Consumption 24.13 24.08 24.29 -0.02 -0.05
Imports 7.54 7.76 8.17 -0.01 0.03 Exports 7.55 7.76 8.17 0.07 0.03
Ending Stocks 19.25 18.02 17.13 -0.06 0.07
Cotlook A
Index 70 75*
CAI:
Statewise crop chart ... read more
Government Reports:
Union Budget 2017 (For Textiles): Textile industry is one of the largest employers in India and contributes about 14 %
to industrial production, 4 % to the GDP and gives direct employment to around 45
million people. Expanding tax net by increasing tax limit slab up to Rs 5 lakh will
give more money into low-medium income groups which will trigger more demand
in markets. After short-term sluggish demand due to demonetisation, this will surely
help to boost the market sentiments.
Mr. Ujwal Lahoti, Chairman of The Cotton Textiles Export Promotion Council
(TEXPROCIL) welcomed the Budget and appealed to restore some of the incentives
relating to interest subvention for merchant exporters and cotton yarn and MEIS
benefit for cotton yarns.
Mr. Prabhu Damodaran, Secretary, Indian Texpreneurs Federation (ITF) feels the
Budget focuses on aggressive spending in infrastructure, which will reduce logistics
expenses.
In a press release the Chairman of the Southern India Mills’ Association (SIMA), Mr.
M. Senthilkumar has welcomed the Union Budget 2017-18 and termed it as a growth
oriented budget. He hopes that the textiles being a mass consumption product, the
Government would consider bringing the entire textile value chain under lowest
slab rate of GST (currently announced as 5 %) without any exemption to have proper
compliance.
Views on Effect of Budget 2017-18 on Textile industry:
Spending in rural areas and infra-structure will boost consumption of textiles and
apparels. Allocation of funds under ATUFS will maintain continuity in capital
investment. Apparel sector will become competitive due to inclusion of state taxes in
drawbacks to exporters as well as contribution of PF for new employees on behalf of
employers by Gov't would generate new jobs.
-Mr. Bhavesh Thakker, All Gujarat Spinners Association(AGSA)
1 Budgetary allocation for textile sector flat at INR 6,227 crore for FY2018
2 36% higher than the original Budget for FY2017
3Decrease in allocation for TUFS to INR 2,013 crore FY2018 against INR 2,610 crore
FY2017
4 Subsidies under TUFS is key driver for investments in textiles
5 Moderation in allocation may constrain the pace of capacity addition.
-Mr. Vipul, Kokila Exports
COTTONGURUTM Comments: The recent spurt in cotton prices during which ICE cotton futures crossed a 4 month
high of 75 USC/lbs, will surely influence the sowing decisions of farmers throughout
the world. Already preliminary figures are pointing to an acreage jump of around 8-
10% in the US alone. We may witness a similar trend in India and other cotton
growing countries.
Statistics may show that there is a lot of cotton but the fact remains that the world is
hungry for the high quality cotton. India, the world’s largest cotton producer, has
been a big importer of cotton since last month, a market fundamental rarely seen.
Spinners in most countries are physically short covered in cotton. Most mills delayed
their purchases, awaiting a fall in cotton prices since last 3 months. They may not get
the right opportunity to procure quality cotton throughout the year if they continue to
wait.
Since Nov 2016, COTTONGURUTM has been consistently suggesting to the
consumers to buy quality cotton for long term requirements at every fall in the cotton
market.
Technical Reports:
1) ICE Cotton:... read more
2) MCX Cotton:... read more
Top Interviews: Exclusive Interview with Dr.KavitaGupta,+IAS, Textile
Commissioner of India.
https://www.youtube.com/watch?v=rz6BS_g9Msk
Exclusive Interview with c. Mr. Jose Sette, Executive
Director of ICAC
https://www.youtube.com/watch?v=Y8h_yvxvaDE
Exclusive interview with thought leader Mr. Suresh Kotak,
Chairman of Kotak& Co.
https://www.youtube.com/watch?v=GBJL-gfzLRc
COTTONGURU™ Fortnightly Newsletter is a cotton market analysis newsletter with a global
outlook committed to authenticated and sustainable content. It revolves around cotton and
textile industry as a concept in terms of trade, research and knowledge. The newsletter is
circulated to over 10,000 Textile companies, Textile & Research Associations, professionals,
Government Offices worldwide.
About the author: Mr. Manish Daga popularly referred by the cotton industry as COTTON
GURU™ is a qualified textile technologist.
He is India’s only Cotton Valuer registered by the Indian Institution of Valuers, India. He is the
fourth generation in cotton trade, advisory and broking services from his family. The P. R. D.
Cottons Group is 113 year old in cotton business uninterrupted.
Call or mail for any information, suggestion, feedback or to know how your Company can
benefit from the knowledge and experience of COTTON GURU™.
Call on +91 9820072705 or mail to manish@cottonguru.org
Disclaimer: For private circulation to the addressees only and not for re-circulation. Any form of
reproduction, dissemination, copying, disclosure, modification, distribution and/or publication
of this Newsletter is strictly prohibited. The contents of this Newsletter aresolely meant to
inform and is not a substitute for professional advice.
FIRST AND ONLY REGISTERED“COTTON VALUER” IN INDIA
MEMBERSHIP
1. FIEO (Federation of Import & Export Organization)
2. CAI (Cotton Association of India)
3. ISCI (Indian Society for Cotton improvement)
4. IFS ( Indian Fibre Society)
5. TAI (Textile Association of India)
COTTONGURU™
Mr. Manish Daga
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