India's cotton production rose to 33.72 million bales (170 kg each) in the 2022-23 crop year (July-June) from 31.12 million bales a year ago, according to agriculture ministry data.
The seed industry is buoyed by the prospect of a good year in the cotton sector on the back of higher fiber prices that farmers received last year from a normal monsoon predicted by the India Meteorological Department (IMD). said Ram Kaundinya, director general of the Federation of Seed Industry of India (FSII). The demand for cotton seed is likely to increase to 48 to 49 million packets (450 grams each) in the current season from 42 million last year.
Since three packets of cotton seed are required in two acres of land, the sale of 4.9 crore packets (equivalent to 2.2 lakh quintals) could be sufficient to cover 13 million hectares (MH). Last year the area under cotton was 12.75 MH. Industry experts said that if seeds saved by farmers are added to the coverage in the upcoming Kharif season, the area can increase by a minimum of 10 per cent.
The IMD has predicted 96 per cent of normal monsoon rainfall of the long period average of 87 cm in 2023 and ruled out any disruption in rainfall due to the possible emergence of El Nino. Kaundinya said that for the propagation of High Density Planting System (HDPS), 10 packets would be required for every two acres of land. “It is in pilot stage and some target has been set to cover in the coming Kharif,” he added.
farmer hopes
This season, farmers are gradually selling their produce in the hope of better prices. Their hopes stemmed from record prices for cotton (raw cotton) at ₹12,000 per quintal last season. Currently, cotton is fetching around Rs 8,000 against the minimum support price of Rs 16,080 in Agricultural Produce Marketing Committee (APMC) yards in Gujarat. Processed cotton or lint prices for the benchmark Shankar-6 variety are currently quoted at ₹762,550 per candy (356 kg).
India's cotton production rose to 33.72 million bales (170 kg each) in the 2022-23 crop year (July-June) from 31.12 million bales a year ago, according to agriculture ministry data. The US Department of Agriculture (USDA) has forecast that India's cotton exports will decline by 5,00,000 bales to 1.8 million (US bales 227.72 kg or 23.05 lakh Indian bales 170 kg) this month, roughly equal to its import forecast . Industry experts have estimated exports to remain within 2 million bales during 2022-23 (October-September).
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