The limited availability of cotton has put the ginning and pressing unit operators in jeopardy. Due to prevailing cotton prices and limited availability of cotton in the market, most of the factories have closed their operations. According to a research, there are a total of 3500 ginning and pressing units across the country. Out of which only 5 to 7 percent units will be able to operate till October. Most of the factories are forced to shut down their operations from now on.
35% reduction in spinners consumption
Cotton Association of India President Atul Ganatra said that speculators in the futures market have artificially increased the prices of cotton in the Indian market. However, in the last week, there has been a fall in the futures price of December. Cotton is being sold in India at a price of about 98 thousand to 1 lakh rupees per candy. With cotton becoming so expensive, the operation of ginning and pressing mills has become completely impractical. Generally, ginners sell their final products to spinners. But the consumption of spinning mills has also come down by 30 to 35 percent. The demand for spinners will remain high due to higher raw material prices.
Only 20 factories out of 650 in Gujarat are operational
The owner of a ginning and pressing factory in Gujarat said that out of the total ginning and pressing factories in the country, 650 factories are in Gujarat, out of which only 20 to 25 factories are operational at present. And due to lack of raw material, this factory may also stop working by the first week of July. Gujarat is followed by 500 factories in Maharashtra, 400 factories in Andhra and Telangana together, 350 odd factories in Punjab and Haryana, 250 in Karnataka and 125 in Tamil Nadu.
Regards
Team Sis
Any query plz call 9111977771
https://wa.me/919111977775
