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Cotton cultivation may fall in India in 2015-16

After witnessing a year of record production, cultivation of cotton in 2015-16 is projected to fall 20 per cent in India. The reasons: over supply and low prices and low demand. While global demand for cotton and cotton yarn has dropped in recent months, cotton prices have also fallen owing to lack of good quality cotton in the market. 

All this has discouraged farmers and they look at cotton cultivation with apprehension. China has stopped importing cotton to a great extent. Demand from mills has come down drastically due to reduced exports. If prices do not improve, and global as well as domestic markets do not improve, then there could be an inevitable fall in cotton cultivation. 

Globally, too, cotton cultivation is projected to be down by six per cent in 2015-16. Low cotton prices are expected to persist through the rest of 2014-15 when farmers in the northern hemisphere make their planting decisions. As a result, world cotton area in 2015-16 is projected down six per cent to its lowest volume since 2009-10. 

Although consumption could surpass production by about 1,00,000 tons, this would only be a small dent in the large stockpile of cotton. World cotton consumption is expected to increase by two per cent.

 
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