Global Cotton Production

The Quality Control Order for mandatory certification of cotton bales is good for the Indian industry as there is a need to improve the quality of cotton exported from the country, according to an Aditya Birla Group official. "If they have done anything on quality control it is good for the industry. Cotton is an internationally traded commodity and India is the largest producer of cotton in the world. So obviously, you need to improve the quality of cotton which is exported out of the country. It must meet international standards," Thomas Varghese, Business Head - Textiles at Aditya Birla Group, said. He was speaking on the sidelines of an Assocham Summit here on Thursday. The government on Wednesday said it has approved the Quality Control Order for mandatory certification of cotton bales to augment the supply of good quality cotton to the textile industry. A day before, the decision was taken at the fifth interactive meeting with the Textile Advisory Group here to review the ...

At the bourses, shares of textile stocks like KPR Mills, Welspun India, and Vardhman Textiles have tumbled up to 45 per cent so far this year.

Climate adaptability needs to be improved without compromising on yield potential

High cotton prices, the Russia-Ukraine war and poor demand from the apparel industry have hit the spinning mills hard

Union minister Piyush Goyal emphasised the need to introduce "advanced technologies and innovative agronomy" to enhance the productivity of cotton. Addressing an interactive meeting with the Textile Advisory Group in Mumbai on Thursday, the textile minister said supply of good quality seeds is the vital necessity for improving productivity of cotton. He also called for focus on ways to enhance productivity of cotton with specific outcome-oriented actions from all stakeholders including the government, research institutes and the industry. For delivery-based contract and open position limits on commodity exchange MCX, Goyal directed his ministry, textile commissioner, CCI and TAG to engage with MCX/SEBI and find structured solutions on contract front. Any possibilities of manipulations on price front to the disadvantage of cotton textile value chain have to be contained, the minister said. Goyal, on the suggestions of the industry, directed the textile commissioner that the penal .

Climate change could expose half of all global cotton-growing regions, including India, to high risks from temperature increases, changes in rainfall patterns and extreme weather events by 2040

Global demand may not be enough to absorb additional production due to a downgrade of China's debt