{"id":1549,"date":"2022-11-25T16:00:00","date_gmt":"2022-11-25T16:00:00","guid":{"rendered":"https:\/\/blog.kisansabha.in\/?p=1549"},"modified":"2022-11-25T09:19:27","modified_gmt":"2022-11-25T09:19:27","slug":"indias-cotton-exports-stall-as-farmers-delay-sales-hoping-for-higher-prices","status":"publish","type":"post","link":"https:\/\/blog.kisansabha.in\/index.php\/2022\/11\/25\/indias-cotton-exports-stall-as-farmers-delay-sales-hoping-for-higher-prices\/","title":{"rendered":"India&#8217;s cotton exports stall as farmers delay sales hoping for higher prices"},"content":{"rendered":"\n<p>Synopsis<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">&#8220;Harvesting of the new crop started last month, but many farmers are not willing to sell. They are holding crop hoping prices would rise like the last season,&#8221; said Atul Ganatra, president of the Cotton Association of India (CAI).<\/h3>\n\n\n\n<p>Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of their harvest hoping for higher prices in coming months, industry officials told Reuters.<\/p>\n\n\n\n<p>The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world&#8217;s biggest producer of the fibre.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2022\/11\/91adc901-1b45-4dd7-a2f4-e9963b1c2076-1024x768.jpg\" alt=\"\" class=\"wp-image-1551\" srcset=\"https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2022\/11\/91adc901-1b45-4dd7-a2f4-e9963b1c2076-1024x768.jpg 1024w, https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2022\/11\/91adc901-1b45-4dd7-a2f4-e9963b1c2076-300x225.jpg 300w, https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2022\/11\/91adc901-1b45-4dd7-a2f4-e9963b1c2076-768x576.jpg 768w, https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2022\/11\/91adc901-1b45-4dd7-a2f4-e9963b1c2076.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>&#8220;Harvesting of the new crop started last month, but many farmers are not willing to sell. They are holding crop hoping prices would rise like the last season,&#8221; said Atul Ganatra, president of the Cotton Association of India (CAI).<\/p>\n\n\n\n<p>Farmers received record prices for their last season&#8217;s crop, but the new crop is unlikely to get the same prices as local production has risen and global prices have fallen, Ganatra said.<\/p>\n\n\n\n<p>Cotton prices hit a record high of rupees 52,410 rupees per 170 kg in June, tracking a rally in global prices and as production fell. But prices have corrected nearly 40% from the peak.<\/p>\n\n\n\n<p>&#8220;Last year we sold raw cotton at 8,000 rupees (per 100 kg) and later prices jumped to 13,000 rupees,&#8221; said Babulal Patel, a farmer from western state of Gujarat, the country&#8217;s biggest cotton producer. &#8220;This year we are not going to repeat the mistake. We are not going to sell below 10,000 rupees,&#8221; he said.<\/p>\n\n\n\n<p>Farmers used proceeds from the last few seasons&#8217; harvests to create storage facilities, which they are using to store the crop, Ashwini Bansod, head, commodities research at Phillip capital  Pvt. Ltd. ,said.<\/p>\n\n\n\n<p>Despite higher output, spot markets were receiving nearly a third lower in supplies than normal, industry officials estimated.<\/p>\n\n\n\n<p>India could produce 34.4 million bales of cotton in the 2022\/23 season that started on Oct. 1, up 12% from a year ago.<\/p>\n\n\n\n<p>India traders so far in the new season have contracted 70,000 bales for the exports, significantly lower than more than 500,000 bales contracted during the same period a year ago, said a dealer with a global trading house.<\/p>\n\n\n\n<p>Bangladesh, Vietnam and China are among the key buyers of Indian cotton.<\/p>\n\n\n\n<p>Exports are unlikely to gain momentum unless local prices fall or global prices move higher, said the dealer, adding &#8220;Indian cotton is holding premium of around 18 cents per lb over New York futures. The premium needs to come down to 5-10 cents to make exports viable.&#8221;<\/p>\n\n\n\n<p>Read more at-<strong>https:\/\/bit.ly\/3XtaolP<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Synopsis &#8220;Harvesting of the new crop started last month, but many farmers are not willing to sell. They are holding crop hoping prices would rise like the last season,&#8221; said Atul Ganatra, president of the Cotton Association of India (CAI). Indian traders are struggling to export cotton despite higher production as farmers are delaying sale [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":1551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[41,143],"tags":[219,45,21,5,436,437,6,199,10],"class_list":["post-1549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agricultural-updates","category-farmers-news","tag-indian-agriculture-minister","tag-agricultire-updates","tag-agricultural-research-and-technology","tag-agriculture","tag-cai","tag-cotton-exports","tag-farmers-of-india","tag-indian-agriculture","tag-indian-government","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>India&#039;s cotton exports stall as farmers delay sales hoping for higher prices - KisanSabha Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blog.kisansabha.in\/index.php\/2022\/11\/25\/indias-cotton-exports-stall-as-farmers-delay-sales-hoping-for-higher-prices\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"India&#039;s cotton exports stall as farmers delay sales hoping for higher prices - KisanSabha Blog\" \/>\r\n<meta property=\"og:description\" content=\"Synopsis &#8220;Harvesting of the new crop started last month, but many farmers are not willing to sell. 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