Cotton arrivals fall 2.9%: Gujarat tops in production

MUMBAI (Commodity Online): According to recent statistics provided by the central cotton body, Cotton Corporation of India (CCI), the cotton arrivals in India have fallen as much as 2.9% year-on-year for the  period October 1 –March 6, 2010.

As per the provided figures, the cotton arrivals in India is seen  falling during Oct 1-Mar 6, which was 23.1 million bales (1 bale=170  kg), down 2.9% from a year back levels.

Arrivals in Gujarat during the same period were 7.60 million bales, up  21.6% on year. Gujarat has emerged as the country's largest cotton  producing state. In Maharashtra, arrivals were lower by 20.7% at 4.8  million bales.

In north Indian states of Punjab, Rajasthan and Haryana, arrivals were  lower by 0.4% at 3.58 million bales. Punjab witnessed arrivals of 1.3  million bales, down 18.8% from a year ago. Arrivals in Haryana were  1.30 million bales compared with 1.28 million bales a year ago.  Rajasthan arrivals were higher by 37.3% at 975,000 bales during the  same period.

Arrivals for southern states of Andhra Pradesh, Karnataka and Tamil  Nadu stood at 4.84 million bales, down 6.7% from a year earlier.  Andhra Pradesh arrivals were down 9.4% at 4 million bales during the  same period. Spot cotton prices on NCDEX remained lower at Rs.588.4  down by 0.57% from its previous close.
 
Source:
http://www.commodityonline.com/news/Cotton-arrivals-fall-29-Gujarat-tops-in-production-26255-3-1.html