CottonGuru Market Newsletter – Fortnightly (India Cotton 2023-24)
Cotton Associan Of India
CAI STATE-WISE STATEMENT OF STOCK AS ON 29TH FEBRUARY 2024
3 Game changers that will determine the cotton market trend in thecotton season 2023 24
Cottonguru’s 3 main game changers for assessing the cotton market trend:
- Weather
- Government
- Demand
Weather: Yellow Signal
Erratic & unseasonal rainfall was the cause of yield loss & pest attack in India during cotton season 2023-24. There was no rain after September in most cotton centres.
Monsoon prediction for cotton season 2024-25 is good.
Government: Green Signal
India Budget 2024
In a significant move to bolster India’s textile exports, the Union Cabinet, under the leadership of Prime Minister Shri Narendra Modi, has given the nod to the continuation of the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for the export of Apparel/Garments and Made-ups until March 31, 2026.
Read the report
India Cotton 2023-24
CAI estimates daily Cotton arrivals increased from 0.64 lakh bales to 0.63 lakh bales. Total cotton arrivals (1st Oct 23 to 27th March 24) are about 244 lakh bales.
Source CAI