SANCHIT RAJPAL JI PRESENTATION THOUGHTS & KEY TAKEAWAYS
2024-09-21 13:52:22
PRESENTATION THOUGHTS & KEY TAKEAWAYS FROM SANCHIT RAJPAL JI
Global consumption must rise, or some countries need to reduce cotton production.
With China's macro-economic situation slowing down and demand weakening, can Bangladesh, Pakistan, and India step in to replace China in global imports? As per some estimates there can be a reduction of 25% in demand from China.
India must reform its MSP policy-continuously raising MSP while maintaining the import duty will cripple the spinning industry.
The world has moved on to 7th Generation of BT seeds but we are still on the 3rd generation. Given the significant depletion of our closing stocks, an increased cotton supply will be essential in coming days.
Even with 11% duty on Imports we have seen a good imports in last few months? If ICE futures remain range bound and with CCI in procurement can we see more imports happening?
It's crucial for our industry to take serious steps in gathering accurate crop data, including production and consumption. In these challenging times, having precise data will help us stay prepared for any unexpected situations.
