FOR MEMBERS ONLY

INDIAN COTTON FEDERATION (ICF)

Post Box No. 3310, 477, Kamarajar Road, Uppilipalayam Post
Coimbatore - 641 015 Tamil Nadu, India
Phone : 91-422-2573018, 2572115 Fax :91-422 - 2572115
Email : [email protected]
Web : www.icfconf.com

FORTNIGHTLY
NEWS LETTER
Volume No. XXXXV / 3 / 2023 February 2, 2023
SECTION “A”
COTTON MARKET REPORT
(16.1.2023 to 1.2.2023)

Happy New Year greetings. Yes we are in 5th month

QUICK REVIEW P.No.
of this season. Seed cotton arrival are almost 70% of
U Cotton Market Report 1
the what we were receiving in 2021 same time. Price U Govt. of India Key Features of Budget 2023-2024 4
wobbling is not that vibrating .Reason could be many U CITI Chairman’s Word 8
units were not operating and even larger ones are U CITI Secretary General’s Editorial 9
working less than 50 to 60% of its installed capacity. U Jan Update: 2022 NATURAL FIBRE PRODUCTION DOWN 10
So cotton demand has come down drastically. SIMA U By-Products of Cotton Cultivation: Cotton Oil and Press Cake 11
has called for an interactive meeting of Mills to have U.S. 2022/23 exports are lowered 54,000 tonnes compared with the
U 11
previous month to 2.6 million tonnes.
a dialogue to chart out a road map for the balance U Impact on the textile economy 12
part of the year. A wakeup call is warranted. Textile U International Partnerships and Solving Threats to Cotton Production 12
Industry is the mother Industry of India as rightly U Cotton Futures & Options 16
apprehended by our Father of the Nation. U Cotton crop arrivals for the Month of JANUARY, 2023 17
U Monthly Average Spot Rates Publlished by ICF (SICA) 18
Set a part COCPC has called a meeting being U Movement of Market Indicators 19
Indian Cotton price behaviour at the end of each fortnight from ICF
second one on 16th Feb.2023 to discuss and U
Database
20
decide the cotton situation for 2022-2023.ICF also COCPC Cotton Crop Estimates (2020-21, 2021-22)
U 21
has been invited. Cotton yarn prices stable in India. season as on 15.11.2022 & Cotton Balance Sheet
U ICF Daily Rates 22
As per Shri Piyush Goyal , Hon.Textile Minister,the
four Is which are driving force of India’s growth
ICF congratulates them.SIMA appeals to FM to reject
are massive Investments,in Infrastructure,focus on
ADD recommended by DGTR.India’s both imports and
Integrity,Inclusive development, and International
exports dipped Dec.2022.India production forecast
outlook.Textile committee organised a UNEP meet
lowered on diminished cotton arrivals.
on 29th at Mumbai on “ Enhancing Sustainability
& Circularity in Textile”. This was well deliberated.
Iඖගඍකඖඉගඑ඗ඖඉඔ:
M/s. Sambandam Mills unveils its sustainability logo
at Fibres and Yarns Expo by Mr.D. Niranjankumar, A index 100.40 cents per lb and New York Cotton
Director, Marketing of SSML.Shri.S.Dinakaran,M.D futures 86.22 cents per lb on 31st Jan. 2023,
of SSML stated it has been a beautiful journey filled global cotton prices warming up in side ways for
with challenges and triumphs . We could achieve it no reason.Demand is subdued , future is uncertain.
with satisfaction and exceeding market expectation. However Chinas demand for cotton tilts the market
and market in upswing.

IMPORTANT

1. The Wholesale price Index (WPI)inflation stood at4.95 % for December 2022 as announced by Central Govt. This was 5.85% for November` 2022.

2. New York cotton futures price on 31.01.2023 for Mar `23 is 86.22 cents per lb and May `23 is 86.95 cents per lb and July `23 is 87.46 cents per lb.

February 2, 2023 ICF (SICA) News Letter 1

International cotton prices, as measured by the
Cotlook A Index, moved either side of the dollar
mark in January. Movements were on occasion
volatile, in reflection of changes in the ICE futures
market, which nonetheless remained within the range
established in early November. The Index’s low point
of 97.6 US cents per lb was recorded on January
5, while a high point (102.45) was reached almost
three weeks later. The price ended January on a
weaker note, to close just 40 cent points above its
opening level.

Shortage of US dollars, most notably Pakistan February and beyond.In Pakistan lackluster business
and Bangladesh, the execution of import contracts in cotton market.Chinas cotton imports soared after
remained a source of frustration to both mill buyers Xinjiang ban.
and trade sellers. Energy supplies were also a worry,
particularly in the latter country, where a government Cotton Contamination Survey 2022 by the International
announcement confirmed a further rise in the cost Textile Manufacturers Federation (ITMF) shows that
of gas from February 1 that was met with dismay the level of contamination of raw cotton by foreign
from the cotton and textiles industry. The volume of matters and stickiness have decreased compared to
business concluded on the Indian subcontinent was 2019. At the same time the appearance of seed-coat
therefore limited. fragments has remained the same. The survey reveals
significant differences between cotton varieties.
US export sales, the top five countries are:-
The Cotton Contamination Survey 2022 covered
For 2021-22 India was leading with 39500 bales. 104 spinning mills located in 21 countries which
China, Peru ,Vietnam,and Egypt were also among evaluated 78 different cotton growths, ITMF said in
top purchasers,with 14900 bls,13300 bls,11900 bls a media release.
,and 8500 bls respectively. Current shipments only
41.9% last year i.e 165000 bls same time last year. The level of cottons moderately or seriously
contaminated as perceived by the spinning mills
ICAC price projections are that for 2022-23 is that from around the world dropped from 25 per cent in
A index will range 96 cents to 126 cents,with a mid 2019 to 22 per cent in 2022. A closer look at the
point of 104 cents per lb based on ending stock to extent of the contamination shows that 6 per cent
Mills use , Chinas net imports compared to world,and of all cotton evaluated were seriously contaminated
average price in 2021-22 , further adding could be by some sort of foreign matter whereas 16 per cent
95% true, a release from ICAC stated. In Egypt, were only moderately contaminated.
too, the need to generate dollars prompted some
aggressive reductions in export offers, in the face of As the summary data are arithmetic averages of the
poor demand from the customary destinations. Cot different contaminants, the extent of contamination
look’s Giza 94 quotation was reduced substantially is fully illustrated by the results for the individual
as reports surfaced of business considerably below contaminants. They range from 5 per cent of all
the levels previously in force. cottons processed being moderately or seriously
contaminated by ‘tar’ to 43 per cent of them being
Nevertheless, some spinners in the Far East showed moderately or seriously contaminated by ‘organic
a greater willingness to make purchasing decisions matter’, i.e., leaves, feathers, paper, leather, etc.
ahead of the Lunar New Year holiday (beginning Other serious contaminants are ‘strings made of
January 22), ostensibly to ensure the continuity plastic film (31 per cent), ‘fabrics made of plastic
of their supply following return from the break at film’ (39 per cent), ‘strings made of woven plastic’
the end of the month, as well as in response to a (30 per cent) as well as ‘inorganic matter - sand/
tentative broadening of demand for cotton yarn that dust’ (29 per cent).
many hoped would continue to show improvement in

February 2, 2023 ICF (SICA) News Letter 2

The 10 most contaminated cotton descriptions The appearance of seed-coat fragments in cotton
considered for the survey originated in India (India- growths remains an issue for spinners around
Others, MCU-5, DCH, Shankar-4/6, J-34), Pakistan the world. About 33 per cent of all cotton growths
(NAIB, MNH93), Afghanistan, Togo and Tanzania consumed contained moderate or significant amounts
(Coastal). The 10 least contaminated raw cottons of seed-coat fragments (same as 2019). The 10
were produced in Spain, China (Anhui, Shandong), origins most affected by seed-coat fragments are
Australia, US (Memphis Territory, Pima, Arizona, Afghanistan, Pakistan (MNH93, NAIB), India (MCU-
South-Eastern) and Mexico (Juarez). 5, DCH, Shankar-4/6), Tanzania (Coastal), Egypt
(Egypt-Other), Turkiye (Turkiye-Other), and Togo.
The presence of sticky cotton as perceived by the The 10 cotton growth with the least presence of
spinning mills has been decreasing for almost 10 seed-coat fragments are Sudan (Sudan-Other,
years (i.e., 23 per cent in 2013 vs 12 per cent in Barakat), Cameroon, Australia, Greece, Spain, China
2022) and remains at the lowest level since 1989. (Shandong, Hebei, Anhui), and Mexico (Mexico-
The 10 descriptions that were most affected by Other).Courtesy fibre to fashion reports.In Brazil
stickiness originated from Afghanistan, the US (Pima, plating is on in Monto Gosso,Egypt export enquires
Arizona), Tajikistan (Medium Staples), Cameroon, are up.Zimbabwe cotton crop fails .China imports
Brazil, Argentina, India (DCH), Sudan (Barakat) and more from Brazil.Australia exports up.U.S.to pick
Zimbabwe. On the other end of the range, cottons up export sales.
from Pakistan (MNH93), China (Shandong, Anhui,
Hebei), Greece, South Africa, Mozambique, Sudan (Global news were collected from different sources
(Sudan-Others), the US (Memphis Territory) and and are subject to verification).
Uganda were not or hardly affected by stickiness,
the release added.

WORLD COTTON SUPPLY AND DISTRIBUTION (in Million Metric Tons)

2020/21 2021/22 2022/23 2020/21 2021/22 2022/23
ICAC USDA
Production 24.06 24.96 25.09 24.27 25.19 25.20
Consumption 25.57 25.70 23.84 26.81 25.58 24.32
Exports 10.73 9.79 9.38 10.61 9.33 9.20
Ending stocks 20.54 19.79 11.04 18.88 18.58 19.50
Cotlook A index(Average)
Source : ICAC Cotton This Month 8.12.2022 USDA FAS report 12.01.2023

INTERNATIONAL MARKETS PRICE BEHAVIOUR

Cotlook Index New York Futures Varieties
31.01.2022 14.01.2023 31.01.2023
(Closing) (in cents) Rs. Rs. Rs.
13.01.2023 31.01.2023 13.01.2023 31.01.2023 Punjab J-34 RG per md. 7,700 6,450 6,500
Gujarat S-6 p.cdy 77,000 61,500 63,500
A Index 97.85 100.40 Mar ‘23 82.29 86.22
Mech-1/H-4 MP p.cdy 77,500 60,000 62,500
May ‘23 82.60 86.95
MCU-5 AP p.cdy 80,000 62,000 64,000
July ‘23 82.87 87.46 DCH-32 Karnataka p.cdy 1,28,000(n) 66,500 68,000
Source : Cotlook / NYBOT Note : The price quoted in Price Behaviour are the Spot prices
prevailing. They are not Daily Room Rates. (n) - Notional N-New

SECTION B : CURRENT NATIONAL DEVELOPMENTS

The country’s foreign exchange reserves stood at
USD 576.761 billion as on 27.01.2023.
Source :www.rbi.org.in

February 2, 2023 ICF (SICA) News Letter 3

 GOVT. OF INDIA KEY FEATURES OF BUDGET 2023-2024
FEBRUARY 2023

February 2, 2023 ICF (SICA) News Letter 4

February 2, 2023 ICF (SICA) News Letter 5
February 2, 2023 ICF (SICA) News Letter 6
 (Source : Ministry of Finance, Budget Division)
February 2, 2023 ICF (SICA) News Letter 7
 SECTION C : PRESS NEWS
CITI CHAIRMAN’S WORD
Friends, as 2022 comes to an end, we reflect on the 2023, which will bring transparency
learnings, the opportunities and the challenges that and stability in the cotton prices.
defined 2022. The year was marked by unprecedented
volatility in fibre prices and availability which had its I am expecting 2023 to see more
implication on the production and prices of the entire active participation of the state
value chain in India. Internationally, the inflation in governments in developing the
Europe, the energy crisis, the resultant depressed sector and attracting investment in the sector for
demand in the western world reversed the growth in capacity enhancement. 2022 saw states like UP,
expo1ts that India has started witnessing. The annual Bihar, Madhya Pradesh etc. bring out revised textile
inflation in Europe was 10.7% in October 2022, the policies which had more attractive propositions for
highest since statistics began to be compiled for the new investors in the state. To supplement these efforts
eurozone in 1997. The looming recession which will the proposed India UK FTA, if it gets concluded in
largely affect the spending power of the Europeans 2023, is expected to enhance expo1ts to US$100
is expected to depress demand in 2023. bn by 2030 for the textile sector.

While the demand situation is expected to 2023 will also be the year oflndia’s G20 Presidency.
remain adverse for the larger part of 2023, I am CITI is planning several initiatives to take this
optimistic of growth due to various measures opportunity to initiate dialogues and collaborations
being taken and new markets opening up. with G20 pa1tners in the textile space. We look
One silver lining for the textile sector is the India- forward to your suggestions and suppo1t in this
Australia Economic Cooperation and Trade Agreement area to ensure that Te>.1:ile steers the vision and
(ECTA) which has come into force from 29th goals set under the G20 and ensures Green and
December 2022 and will help boost the exports of Inclusive Development that aligns to G20 theme of
textile products. The ECTA has opened new doors LifeStyle for Environment (Li FE)
of opportunities for Indian exp01ters as Australia I thank the Hon’ble Prime Minister for convening
is offering Zero duty rate for all textile & apparel a two-day textile conclave at Varanasi under the
items (HSN 50 to 63) from the date of enforcement leadership of the Hon’ble Minister of Textiles. The
of this ECTA. The trade data shows that during conclave not only witnessed the confluence of
2021, Australia imported Textile & Apparel (T&A) master weavers and craftsmen from Tamilnadu and
commodities worth US$ 645.5 Mn from India while Varanasi who exhibited and shared their experiences
exp01ted T&A commodities worth US$ 181 Mn to with the next generation talent but also gave unique
India during the same year. opportunity to the participants from across India to
Though, Government has fixed a quantitative enjoy the cultural grandeur Varanasi is known for!
restriction of 51000 MT on import of cotton (52010020) Stakeholders also held deliberations on Vision 2047
from Australia in a year, the zero-tariff applicable for the textile sector, progress of Samarth Scheme
for all the textile products will help the Indian textile and TAG Meeting. The Industry greatly appreciated
manufacturers to imp01t good quality cotton, including the event which not only brought all the textile sector
e:,,.1:ra-long staple cotton as also other inputs for stakeholders together for impo1tant deliberations
textile. but also provided a culturally and spiritually rich
backdrop for such discussions.
While industry’s demand for removal of impo1t duty
on cotton is yet to be met, the industry is hopeful 2023 also brings with it some looming fears due to
that the other measures being taken through the TAG recent reports of new variants of corona virus leading
initiatives will help in improving the situation. One to spike in the cases of infections in China, USA,
such initiative was to improve the contract terms for UK, South Korea, Japan, etc. India has shown great
cotton futures under MCX. CITI has been holding resilience to this so far with prompt response from
consultation meetings with the user industry and the Govt. But let us take all precautions to ensure
stakeholders in its effo1ts to bring out a revised MCX a safe and healthy 2023.
Cotton Contract Terms to ensure greater industry I wish everyone very bright, prosperous and healthy
pa1ticipation and strengthen the cotton futures 2023 !
market. These consultations have been very fruitful
as they are expected to address the concerns of the T.Rajkumar
supplies and users of cotton which was hampering Chairman - CITI
their greater participation so far. I am hopeful that
we will be able to bring a revised contract in early (Source : CITI Magazine)

February 2, 2023 ICF (SICA) News Letter 8

 CITI SECRETARY GENERAL’S EDITORIAL
The year 2022 witnessed big strides in the policy requirements under the EU
support framework for the Textile sector. A shift Due diligence norms, Carbon
towards impact-based incentives in the form of PLI Border Adjustment Mechanisms
scheme, facilitating the textile ecosystem through the (CBAM), circular economy
PM Mitra Parks, focus on diversification of fiber and rules, energy and carbon
product base, etc. created a positive environment reporting requirements etc of
and may result in long term growth of the sector. the importing countries getting
Yet the triple whammy of increased raw material extended to the supplying
prices, slump in global demand due to war, energy nations like India. As one of
crisis and inflationary trends and resultant subdued the fastest growing economies,
capacity utilization has stunted the short term growth. India’s positioning is changing. India’s success in the
coming years, will not only be a factor of its cost
While there is concern over the reduced capacity and quality competitiveness, but also because of its
utilisation in spinning mills and reduced production positioning as a responsible, democratic, inclusive
and orders in the apparel units, the focus has to and transparent sourcing destination.
be on emerging opportunities and ways to redefine
competitiveness accordingly. One such opportunity While some of the reforms initiated will clearly benefit
was the FTAs inked in 2022 and those expected the industry in coming years, some of them need
in 2023. further review. One such proposed initiative is tl1e
Quality Control orders that have been proposed for
India has so far signed 13 Free Trade Agreements the textile industry. Many of them are expected to get
(FrAs) including the recently concluded Comprehensive implemented this year. While voluntary ce1tification
Economic Partnership Agreement with UAE and is welcome as it helps in giving premium to the
Economic Cooperation and Trade Agreement with product, having regulations with a fee structure similar
Australia; and 6 Preferential Trade Agreements with to the volunta1y certification may not be tenable.
various trading pa1tners. Mandat01y regulations should not be accompanied
India-Australia’s FTA will provide the Indian Garment by any production linked charges as this will impact
& Home Textile exporters a level-playing field against cost competitiveness, specially of MSMEs. Experts
the expo1ts of Bangladesh, China, and Vietnam to in this area have proposed risk based approach
the western countries. Given the slowdown being in conformity assessment and differentiated model
experienced by the USA and Europe, the recently of certification based on risk classification of the
concluded FTAs would provide the much-needed products. There are also concerns with testing
relief along with other FTAs likely to be signed with facilitates and QCOs for inputs like fibre and yarns.
the UK, Canada, and Israel. All policy changes today follow a rigorous process
of stakeholder consultation. We are hopeful that
The enthusiasm in the textile industry is resulting stakeholder consultations in this area will help
from the fact that the countries, the process and the bring changes in the regulatory framework that
objectives of the latest FTAs are ve1y different from ensure international standards in health and safety
the earlier ones and the impact is also expected parameters of our products, without any undesired
to be beyond enhanced market access and trade. cost or procedural constraints to production and trade.
Greater integration with these markets is e)o..’J)
ected to result in better knowledge sharing and Chandrima Chatterjee
collaboration in several areas of production and Secretary General, CITI
processes, resulting in structural changes.
(Source : CITI Magazine)
2023 may see structural changes due to the proposed
labour reforms and implementation of the new
labour codes, initiatives like ONDC, Gati Shakti,
new SEZ policy etc on the domestic front, and the

February 2, 2023 ICF (SICA) News Letter 9

 JANUARY UPDATE: 2022 NATURAL FIBRE PRODUCTION DOWN

ICF (SICA) COTTON TESTING LABORATORY

COTTON TESTING CHARGES
ICF W.E.F. 1.1.2018 `
HVI TEST 160
RECEIVES SAMPLES (Length, Uniformity Ratio, Fineness & Strength,
Short Fiber Index / Colour)
MATURITY 60
TRASH 50
ALL TESTS 250
TRASH WITH ANALYSER 200
BY SECURITY
* GST @ 18% now
FAST TRACK TESTING is available : Test Results delivered in 5 Hours
February 2, 2023 ICF (SICA) News Letter 10
 BY-PRODUCTS OF COTTON CULTIVATION: COTTON OIL AND PRESS CAKE
The fibres of cotton are seed hairs that are separated also processed as a by-product of cotton cultivation:
from the seed during the ginning process. Fibres The seed oil obtained is used, for example, in
account for 30 the production of
to 40 percent of margarine and other
the total weight food products, while
of the seed. the remaining press
The fibres are cake is processed
mainly used into protein-
in the textile containing meal
and fashion and used in animal
industry. But feed production.
the seeds are The gossypol con-
tained in the press
cake makes it not suitable for human consumption.

Sources: USDA/FAS, Oilseeds: World Markets and Trade

as well as Cotton: World Markets and Trade, January
2023

U.S. 2022/23 EXPORTS ARE LOWERED 54,000 TONNES COMPARED WITH THE
PREVIOUS MONTH TO 2.6 MILLION TONNES.

This is despite higher U.S. production and is attributed

to lower global demand, with global consumption
forecast down more than 174,000 tonnes compared with
the previous month to 23.9 million. Major consumers
including China, India, and Pakistan are facing chal-
lenges including a downward trend in profit margins
a n d y a r n o r d e r s , w h i c h i n
turn have resulted in conservative buying practices
f o r c o t t o n l i n t . A d d i t i o n a l l y, a l o w e r g l o b a l
consumption forecast reflects the slowing
of overall global demand for cotton products. China
still remains the largest destination for U.S. cotton
exports, but outstanding sales are significantly lower
com-pared with the previous year.
Despite Pakistan holding the largest portion of
U.S. outstanding sales, issues with financing are
slowing shipments and new sales. Lower projected
U.S. exports are expected to increase U.S. ending
stocks to 914,000 tonnes, 152,000 tonnes higher
compared with last month and symbolic of lower
global con-sumption prospects.
Source: USDA, World Markets and Trade, January 2023

February 2, 2023 ICF (SICA) News Letter 11

 IMPACT ON THE TEXTILE ECONOMY
Raw Materials fell 17 per cent however it was the Indian cotton
prices that plummeted 30 per cent. The USDA
The prices of all textiles raw materials have declined December report has cut the forecast for world
in the recent months in response to the weak market cotton consumption to 24.3 million tons - the lowest
sentiment and reduced offtake by spinners and in recent five years (barring the pandemic year
downstream industry. Cotton experienced the most 2020/21)- leading to high closing stocks in 2022/23
volatility however prices of feedstock and man-made se ason. India’s consumption forecast was trimmed
fibres were not immune to the trend. to 5.0 Mn tons (2021/22 5-4 Mn tons)
Cotton prices on international and domestic markets Prices of man-made fibres have also dropped
have been declining significantly since September significantly. PSF prices in India declined from a peak
as a reflection of the market sentiment. The A-index of Rs. 128/kg in June to Rs. 99/kg in December (22
per cent); Chinese PSF prices too fell by 30 per cent
from a peak of $1.30/kg to 1.00/kg in December.
The prices of feedstock ha,·e also declined in the
last three months in tandem vvith fall in crude oil
prices. The price of PTA declined from a peak of
S1082/ton in June to $785/ton in December; MEG
price in spot market dropped from $700 to $571/ton
in the same pe1iod.
Price of VSF in China and India declined significantly.
The price of DWP (dissoh-ed \\’OOd pulp) -the raw
material for VSF- dropped from S1200/ton in July
to $945/ton in December.
(Source: CITI, Nov-Dec 2022)

INTERNATIONAL PARTNERSHIPS AND SOLVING

THREATS TO COTTON PRODUCTION
JODI SCHEFFLER
USDA-ARS Sග඗ඖඍඞඑඔඔඍ, Mඑඛඛඑඛඛඑ඘඘එ, USA.

Dr. Jodi Scheffler is Lead Scientist and a Cotton Secretary of Agriculture’s Abraham Lincoln Award,
Geneticist at the USDA-ARS Research Center in the 2022 ICAC Researcher of Year award and is a
Stoneville, Mississippi USA. Dr. Scheffler received 2022 Crop Science Society of America Fellow.
a B.S. and M.S. degree from Iowa State University
and Ph.D. from the University of Wisconsin. She Although there is no total replacement for in person
worked 12 years in the United Kingdom and Germany, meet-ings and collaborations, there are ways that
before joining USDA in 2000. At USDA, she has been we can form and maintain meaningful partnerships
instru-mental in developing and making available using modern communication technologies and
molecular markers for the cotton community. Her networking options. The COVID-19 pandemic forced
research fo-cuses on increasing cottonseed use us to find new and nov-el ways to communicate and
and incorporating traits to improve host plant maintain partnerships and we can now use some of
resistance. Internationally, she has worked with these to remain more connect-ed globally and more
research partners developing ultra-early cotton with effectively work together to solve threats to cotton
verticillium wilt resistance and producing cotton leaf production internationally.
curl disease resistant cotton along with diagnostic Growing up my entire world was a farm in Iowa,
tests and best management practices to mitigate but at-tending U.S. public agricultural universities
effects of the disease. Throughout her career she has really opened up my world. At university, I studied
mentored the next generation of scientists, starting and worked with stu-dents from over 40 different
early with STEM outreach activities in the schools. countries without ever leav-ing the USA. Then the
Dr. Scheffler is active in profes-sional organizations opportunity to spend four weeks in China on a
including National Association of Plant Breeders, university study tour, gave me the opportunity to
Crop Science Society of America, ICAC and ICRA. learn that both cultural and agricultural practices
Dr. Scheffler was the recipient of the 2014 National could be very different from what I knew, but still
Cotton Genetics Research Award, the 2016 USDA be effective and useful. The next step in my career

February 2, 2023 ICF (SICA) News Letter 12

journey was spend-ing twelve years overseas learning
new techniques and skills from a great group of
international scientists. First at a Max-Planck-Institute
breeding for improved potato chip color. Then in the
UK conducting some of the first GMO field trials and
writing release protocols used in the UK, Europe and
the U.S.. Finally learning about plant transfor-mation
and developing GMO high linolenic flax to make
linoleum flooring. There I also learned for the first
time that scientific evidence is not always enough
to convince the public about the benefits of new
discoveries and tech-nologies. In Europe, negative
public perception of GMOS overrode all scientific
evidence to the contrary. This truth is not limited to develop good relationships with government officials
GMOs and something that we need to al-ways be in the area you are working. They should not dictate
cognizant of as we carry out any scientific project. what you do, but their support is critical especially
for long term sustainability of any project. It is also
In 2000, I started working with cotton for the first
necessary to fit your actions to the circumstances.
time at the USDA in Mississippi, USA.
For example, purchasing the most modern equipment
There were already five scientists at my research for capacity building is no good if the country’s
center working on fiber quality and yield, so I was infrastructure is too poor to support it or there is
assigned add-ing value to cotton seed and developing no way to obtain supplies for the equipment. Make
DNA markers for marker assisted selection (MAS). As sure what you are doing will actually help!
an additional research emphasis, I chose to work to
An example of a successful large international
enhance cotton’s natural de-fense mechanisms (often
project was one started in 2009, with Pakistani and
called Host Plant Resistance). All my research has
United States government officials meeting and
been very people powered and my suc-cess is due
identifying several agri-cultural problems of mutual
to the great team of co-workers and collabora-tors
interest. One common threat identified was Cotton
that have worked with me throughout my career.
Leaf Curl Disease (CLCuD). From this meeting the
The USDA-ARS Mission is to solve problems for Cotton Productivity Enhancement Program (CPEP)
U.S. grow-ers, but to do this effectively we need was started. Many scientific institutions and gov-
international part-nerships to successfully solve ernmental agencies worked together to make this
threats to U.S. agriculture as well as mitigate global project a success. During the ten years of the project,
production problems. It is also vital to be proactive. CPEP includ-ed 13 projects & over 70 scientists,
It can take 5 to 10 years to develop cotton varieties Post Docs, Students, Support Staff and Farmer
with resistance to pests or diseases, so we don’t want Organization Cooperators that all played essential
to wait until the problem has already become a major roles in making the project successful. To keep the
threat. My first international USDA Project was with project on track, online meetings were con-ducted
Uzbekistan, where we collaborated to develop, and regularly with biennial in person meetings held in
are currently using in breeding programs, verticillium Pakistan. Written reports and onsite visits were also
wilt resistant cotton that matures in only 110 days. part of keeping the projects coordinated and on
This ger-mplasm is important for cotton growers in track. The ini-tial program needed to be organized
the U.S. and Uzbekistan where verticillium wilt is quickly and this was possible because of previously
a problem and ear-ly season frost often kills later established good relation-ships between U.S. and
maturing cotton. Through this project I learned Pakistani scientists developed over many years.
some valuable lessons that I feel are important in Through organizations such as International Cotton
general for successful collaborative projects. The Researchers Association (ICRA), we can continue
most important lesson I learned is never to assume I to develop and maintain international relationships
know the best way to approach a research problem among cotton researchers globally.
before observing and listening to the people I will be
Through CPEP we identified genetic resistance to
working with and the people we are trying to help.
CLCuD and made seed freely available to breeders
It is sometimes challenging, but we should always
globally. Pakistani breeders used the resistance
try to understand the reality of the situation for the
source and in 2021, released the first commercial
farm families we are serv-ing. Even if we think they
varieties for Pakistan. Diagnostic tests to detect,
are not being as effective as they could be, there
identify and track the virus were also developed
are often good reasons for their current cultivation
as well as best management cultural prac-tices to
techniques or seed selection. Try to understand the
mitigate the effects of the disease.
“backstory” before charging forward. It is important to

February 2, 2023 ICF (SICA) News Letter 13

 in Pakistan, using Women Open Schools (WOS)
gave the women in our out-reach efforts their own
participatory learning programs that taught skills to
make their lives safer and economical-ly more secure.
Commercial cotton production demands uniformity,
but cotton as a genus is variable with many valuable
traits that will help it adapt to the changing climate.
A valuable USDA resource is their collection of
cotton germplasm and ob-solete cultivars. It is an
important source of naturally oc-curring novel traits
that can improve cultivated cotton. As part of our
CPEP collaboration, USDA sent 5,000 acces-sions
to Pakistan to add to their own existing collection.
Now the United States and Pakistan can do other
projects of mutual interest. For example, they are
However, all this research is worthless unless these currently work-ing to screen our collections for heat
best management practices can actually be used by tolerance, a trait of interest worldwide. The seed is
the farm-ers to mitigate the effects of CLCuD and being tested in hot dry ar-eas of Pakistan and the
improve their pro-ductivity. A survey of Pakistani information will be shared through publications.
farmers revealed that there were approximately 1.2
Million total farmers and most of the farms were One of the sources of resistance to CLCuD found
less than ten hectares. Also, through-out Pakistan in the USDA cotton germplasm collection was
many small-holder farmers were illiterate. Based from Brazil. Because these germplasm lines were
on this information, we knew that the extension photoperiod sensi-tive and difficult to grow, in 2016,
model commonly used in the USA would definitely we formed a collabora-tion with the United States,
not work, so what was the best way to engage and Pakistan and Brazil to transfer this resistance to
assist these smallholder farmers? As part of our upland cotton. Included in this collabora-tion were
project, we consult-ed Pakistani experts who were other diseases of mutual interest such as Cotton Blue
already working directly with Pakistani farmers and Disease (CBD) caused by cotton leaf-roll dwarf virus
together developed effective methods to reach the (CLRDV). This proved to be very beneficial as in 2017
farmers. Part of our answer was to establish Farmer Cotton Blue Disease was first reported in the U.S. It
Field Schools (FFS). The FAO created the original spread quickly and by 2019 the virus was found in ten
FFS, then Pakistani scientists developed programs states across the U.S. cotton growing region. With the
specific for Pakistan in cooperation with Pakistani help and expertise of our Brazilian collaborators from
farmer associations. Embrapa, we were able to move forward quickly and
form a team of researchers with differing expertise
Using the FFS model, local people that had some including pathologists, entomologists, breeders and
educa-tion and were classified as “early adopters” agronomists. This team is currently working to find
were trained as the facilitators for the FFS. In their ways to mitigate the effects of the disease, develop
own villages, the farmers met weekly with the cheap and effective diagnostic tests and identify
facilitators during the crop-ping season for hands resistant cotton germplasm. So far, the best resistant
on activities. They tried new tech-niques alongside sources have come from South America and Africa.
their current methods, observed the results and
then decided together whether they should make Based on all my previous collaborations, I believe
changes. Often, they did not entirely accept the new there are several essential components that make
method, but found ways to make it even better and for a successful collaboration. One is to create the
used this modified method. The next year they tried possibility for longer term projects, not just a quick
the new method on some of their land and tested two years and then done and gone. Sustainability
for them-selves how it worked under the guidance is also critical and should be a goal of the project
of the facilitator and the other farmers in the local from the beginning, always trying to build into the
FFS. Over 5,500 farmers have participated in these project ways to keep it going after the initial project
Farmer Field School Programs. Worldwide women is completed. Most importantly the project has to be
and children are the farm workers. If women can mutually beneficial to both partners. If the partnership
earn money, they are more likely to use it to help is only in one direction, it is hard to get buy in or
the family unit. However, cultural norms may make it sustain it.
difficult for women to fully participate in mixed gender
groups. Wherever we do our research projects, we
need to be aware of cultural Norms and traditions in
the places where we work. Because of the situation

February 2, 2023 ICF (SICA) News Letter 14

The question then is how can we find partners with Being able to share seed is an important part of
com-mon interests and work together for our mutual success-ful cooperation. Unfortunately, cotton is not
benefit? One of the first points of contact for me, on the list of crops covered under the International
and anyone can do it as well, is to email the USDA Treaty on Plant Genetic Resources for Food and
ARS Office of International Research Engagement Agriculture (ITPGRFA). However, the protocols and
and Cooperation (OIREC). They have an overview material transfer agreements developed for the treaty
of all the research projects being done by USDA could be used for our own part-ner cotton seed
scientists and can also find a scientist that has the exchanges. If you can’t exchange seed, exchanging
expertise you are looking for in a partner. DNA or dried tissue could be a way to collab-orate,
https://www.ars.usda.gov/office-of-international-re- especially for sequencing and genotyping projects
search-engagement-and-cooperation/office-of-inter- and marker assisted selection (MAS).
national-research-engagement-and-cooperation/. While sharing seed and DNA is an important
They have also divided the world into regions and goal, we can still make progress together now by
have some-one assigned to each, so if someone combining forces and sharing our information and
is living and working in a particular region and research results. So how do we find other partners
wants to know what other re-search is happening and venues to exchange information? One way is by
through the USDA, they can contact the Regional belonging to professional organizations such as the
Specialist whose names and regions covered are National Association of Plant Breeders (NAPB) and
also listed on the OIREC website. There are also their partner the African Plant Breeders Association
a num-ber of collaborative programs administered (APBA). There are many other organizations, and
by the USDA Foreign Agricultural Service. To get hope-fully we can find and network through more of
more information about these individual programs, them. Fortunately, as cotton researchers we have our
go to the FAS website https://www.fas.usda.gov/ own valu-able organization the International Cotton
programs. I have personal ex-perience with the Researchers Association or ICRA. A good place
USDA Borlaug Fellows Program which targets young to start finding out what is happening in cotton is
scientists. Under the Pakistan Borlaug Program, the ICRA Forum http://www.icra-cotton.org/. It has
15 fellows completed the program and went on to a number of discussion groups. For ex-ample, the
positions at universities, research institutes, private Disease Control discussion group. If you click on the
companies and governmental posts. These are our link http://forum.icracotton.org/t/disease-control, there
next generation of successful partners and global are a number of posts from other ICRA members
leaders. While online meetings using sites such as starting from the most recent. If you are looking for
Zoom or Teams are es-sential to conduct international infor-mation about a topic or a person with similar
collaborative projects, in person, scientific exchanges interests etc. then you can create your own post.
are important to promote the most effective research.
Throughout my career, scientists have come and These are only a few observations and ideas for how
worked at my institute and just as essential I was you can enhance your own research through new
able to visit my partner’s research locations to learn partner- ships. Many of you are ICAC / ICRA members
first-hand from them. and also have a wealth of experience conducting
collaborative research throughout the world. I am
hoping that you will share your experiences and
ideas with all of us through ICRA.
(Source : The ICAC Recorder, December 2022)

February 2, 2023 ICF (SICA) News Letter 15

 SECTION E : FUTURES & OPTIONS
COTLOOK INDICES KARACHI COTTON ASSOCIATION
‘A’ (FE) INDEX Ex GIN Price Ex GIN Price
DATE CHANGE
CENTS DATE for 37.324 kg DATE for 37.324 kg
16.01.2023 98.10 0.25 Pak Rs. Pak Rs.
17.01.2023 98.10 unch 16.01.2023 20000 24.01.2023 20000
18.01.2023 98.6 0.5 17.01.2023 20000 25.01.2023 20000
19.01.2023 100.60 2.00 18.01.2023 20000 26.01.2023 20000
20.01.2023 99.10 -1.50 19.01.2023 20000 27.01.2023 20500
23.01.2023 101.80 2.70 20.01.2023 20000 28.01.2023 20500
24.01.2023 102.45 0.65 21.01.2023 20000 30.01.2023 20500
25.01.2023 101.15 -1.30 23.01.2023 20000 31.01.2023 21000
26.01.2023 101.65 0.50
Source : Karachi Cotton
27.01.2023 102.40 0.75
Association
30.01.2023 102.00 -0.40
31.01.2023 100.40 -1.60
Source : Cotlook

ICE FUTURES U.S. DAILY MARKET REPORT

Contract Price (Change) in CENTS (Basis strict low middling 1.1/16 inch (in U.S Cts / lb)
Date Mar`23 May`23 July`23 Oct`23 Dec`23 Mar `24
Price Ch Price Ch Price Ch Price Ch Price Ch Price Ch

16.01.2023 82.29 0.00 82.60 0.00 82.87 0.00 80.86 0.00 80.79 0.00 80.80 0.00
17.01.2023 82.82 0.53 83.08 0..48 83.30 0.43 81.41 0.55 81.51 0.72 81.56 0.76
18.01.2023 84.81 1.99 85.18 2.10 85.4 2.1 83.25 1.84 83.20 1.69 83.19 1.63
19.01.2023 83.39 -1.42 83.86 -1.32 84.18 -1.22 82.28 -0.97 82.32 -0.88 82.35 -0.84
20.01.2023 86.70 3.31 87.06 3.20 87.22 3.04 84.68 2.40 84.67 2.35 84.62 2.27
23.01.2023 87.39 0.69 87.79 0.73 88.06 0.84 85.63 0.95 85.52 0.85 85.59 0.97
24.01.2023 86.24 -1.15 86.78 -1.01 87.23 -0.83 85.20 -0.43 85.13 -0.39 85.19 -0.40
25.01.2023 86.66 0.42 87.24 0.46 87.71 0.48 85.54 0.34 85.53 0.40 85.63 0.44
26.01.2023 87.50 0.84 88.02 0.78 88.34 0.63 86.13 0.59 85.92 0.39 86.07 0.44
27.01.2023 86.89 -0.61 87.45 -0.57 87.80 -0.54 85.71 -0.42 85.58 -0.34 85.70 -0.37
30.01.2023 85.10 -1.79 85.74 -1.71 86.19 -1.61 84.16 -1.55 84.36 -1.22 84.54 -1.16
31.01.2023 86.22 1.12 86.95 1.21 87.46 1.27 85.74 1.58 85.47 1.11 85.65 1.11

Source : ICE Futures

CHINA COTTON INDEX

CC Index CC Index CC Index CC Index
DATE Change Change DATE Change Change
(328) (229) (328) (229)
16.01.2023 15234 5 15546 11 20.01.2023 15486 135 15717 95
17.01.2023 5234 0 15554 8 28.01.2023 15540 54 15770 53
18.01.2023 15252 18 15550 -4 29.01.2023 15550 10 15804 34
19.01.2023 15351 99 15622 72 30.01.2023 15789 239 15981 177
31.01.2023 15872 83 16094 113

Source : www.cottonchina.org

February 2, 2023 ICF (SICA) News Letter 16

 COTTON CROP ARRIVALS FOR THE MONTH OF JANUARY, 2023
Arrivals Arrivals
District Arrival STATE (in District Arrival STATE (in
tonnes) tonnes)
Andhra Maharashtra 56,062.00
3,684.40 Ahmednagar 557.00
Pradesh
Anantapur Akola 24.00
Guntur Amarawati
Krishna Aurangabad
Kurnool 3,684.40 Beed 1881.00
Prakasam Buldhana 1458.00
Srikakulam Chandrapur 7256.00
Vijayanagaram Dhule
West Godavari Total 3,684.40 Gadchiroli 124.00
Madhya Hingoli 52.00
2,41,619.04 Jalana 57.00
Pradesh
Alirajpur 6615.81 Jalgaon 46.00
Badwani 12893.70 Nagpur 15126.00
Burhanpur Nanded 103.00
Chhindwara 3469.44 Nandurbar 16.00
Dewas Parbhani 4501.00
Dhar 17338.93 Pune 3.00
Jhabua 143852.27 Vashim 174.00
Harda Wardha 17622.00
Khandwa 11495.72 Yavatmal 7062.00
Khargone 23802.67 Yavatmal 5562.00 Total 56,062.00
Ratlam 22150.50 Karnataka 12,097.00
Total 2,41,619.04 Belgaum 305.00
Tamil Bellary 62.00
688.03 Bijapur 9643.00
Nadu
Ariyalur Chamrajnagar
Erode 74.00 Chitradurga 552.00
Coimbatore Davangere 34.00
Cuddalore Dharwad 58.00
Dharmapuri Gadag 21.00
Dindigul 134.61 Gulbarga
Krishnagiri Hassan
Madurai Haveri 1130.00
Nagapattinam Kolar
Salem 460.70 Koppal
Namakkal Karwal(Uttar Kannad) 202.00
Thanjavur Mandya
Theni 0.22 Mysore
Ramanathapuram Raichur 73.00
Thiruvarur Shimoga 17.00
Vellore Tumkur
Virudhunagar Total 12,097.00
Villupuram 18.50 Total 688.03 Odisha 4,682.75
Telangana 1,75,535.80 Bolangir
Adilabad 125377.92 Gajapati 126.50
Karimnagar 4680.46 Ganjam 2.55
Khammam 13963.01 Kalahandi 1710.00
Mahbubnagar 10139.00 Nuapada
Medak 6913.81 Rayagada 2843.70
Nalgonda 1886.08 Sonepur Total 4,682.75
Nizamabad 3676.44 Source : www.agmarket.gov.in
Renga Reddy 473.20
Warangal 8425.88 Total 1,75,535.80
February 2, 2023 ICF (SICA) News Letter 17
 MONTHLY AVERAGE SPOT RATES PUBLISHED BY ICF (SICA)
(Rs. per candy of 355.56 kgs)
Month J-34 Mech-1 / Shankar-6 DCH-32 Month J-34 Mech-1 / Shankar-6 DCH-32
SG H-4 MER 34/ SG H-4 MER 34/
Bhatinda 28 mm 28 mm 36 mm Bhatinda 28 mm 28 mm 36 mm
(Punjab) Madhya Gujarat Karnataka (Punjab) Madhya Gujarat Karnataka
Pradesh Pradesh
2015-16 Crop 2019-20 Crop
October ‘15 33561 32690 32946 47554 October‘19 37537 39261 37537 55004
November ‘15 32886 32200 32400 46665 November ‘19 37174 39393 38753 55328
December ‘15 33131 32843 33750 47536 December ‘19 38110 39478 38579 55587
January ‘16 33995 33870 34187 50740 January ‘20 39194 39681 39489 56367
February ‘16 33550 33295 33864 51373 February ‘20 38646 39347 38850 56604
March ‘16 33469 33067 33398 50993 March ‘20 38259 38732 38298 56625
April ‘16 34550 34105 35325 50964 April ‘20
May ‘16 36364 36004 35898 51765 May ‘20 33768 33035 32405 51178
June ‘16 39525 39464 39457 54638 June ‘20 34810 33497 33096 54677
July ‘16 44734 45339 40691 57988 July ‘20 33970 33291 32730 54937
August ‘16 45968 47227 47408 58855 August ‘20 35204 34685 33767 55840
September ‘16 43596 45862 45801 59098 September ‘20 36402 35990 35453 56250
2016-17 Crop 2020-21 Crop
October ‘16 39962 42981 42658 56710 October ‘20 38070 36485 37210 56316
November ‘16 38647 38877 38636 52967 November ‘20 40795 39180 39735 57533
December ‘16 39418 39162 39262 54997 December ‘20 41400 40844 41025 57440
January ‘17 41804 41207 41303 55178 January ‘21 42480 43298 42853 60818
February ‘17 43725 42551 42558 55701 February ‘21 43344 44240 45438 66234
March ‘17 45542 43693 43703 57582 March ‘21 44258 45243 45026 70942
April ‘17 45350 43781 44055 59370 April ‘21 42995 45403 45310 74036
May ‘17 44780 43152 42978 60395 May`21
June ‘17 44450 43276 43262 59943 June`21 48520 49315 49705 80300
July ‘17 43365 43333 43233 59790 July`21 50930 51970 52320 86382
August ‘17 42658 43170 42910 59480 August ‘21 52014 54560 55260 76742
September ‘17 41804 42704 42310 58002 September ‘21 51384 53294 53664 96513
2017-18 Crop 2021-22 Crop
October ‘17 36530 38700 39060 56330 October ‘21 57913 57045 58058 106036
November ‘17 36772 37953 37708 52828 November ‘21 64130 62087 65240 118750
December ‘17 38721 39343 37942 55562 December ‘21 63147 62625 66110 120400
January ‘18 41267 40734 41004 58690 January ‘22 70928 74580 74580 1250000
February ‘18 40204 40154 40000 58900 February ‘22 75750 78467 78328 119000
March ‘18 40254 40393 39493 58557 March ‘22 79654 81102 80020 108200
April ‘18 40480 40445 39940 56340 April ‘22 91172 93477 91698 114513
May ‘18 42167 41460 41168 56284 May ‘22 101378 100784 99493 116647
June ‘18 45175 45499 45260 58610 June ‘22 94380 97455 97250 113530
July ‘18 45854 46864 46427 60200 July ‘22 85530 87380 87335 104170
August ‘18 45855 47266 47241 61707 August ‘22 95730 95834 94914 105915
September ‘18 45065 46825 46967 61370 September ‘22 76350 84690 83495 97150
2018-19 Crop 2022-23 Crop
October ‘18 43160 45590 45580 60800 October ‘22 65647 69747 69040 84348
November ‘18 43362 45574 45574 60968 November ‘22 62699 66423 66020 80420
December ‘18 42106 43892 44133 59538 December ‘22 62000 63720 63760 70650
January ‘ 19 42419 43003 42910 58660 January ‘23 60313 59876 61366 66856
February ‘ 19 41936 41751 41822 57227
March ‘ 19 43190 42636 42515 55145
Source : ICF Database
April ‘ 19 46599 45495 45214 56580
May ‘ 19 46060 45246 44425 55765
June ‘ 19 46260 45566 44955 55730
July ‘ 19 45112 44752 44105 55690
August ‘ 19 42777 42432 42432 55318
September‘19 41270 42227 41093 55064

February 2, 2023 ICF (SICA) News Letter 18

 MOVEMENT OF MARKET INDICATORS DURING ENDING
20.01.2023 25.01.2023 30.01.2023
Bloomberg Commodity Bloomberg Commodity Bloomberg Commodity
Spot Index 535.92(1.35) Spot Index 534.06(-0.84) Spot Index 529.56(-3.88)

Crude oil 81.64(1.03) Crude oil 80.15(0.02) Crude oil 77.90(1.78)

Gold 1928.2(4.3) Gold 1959.4(7.2) Gold 1939.2(-6.4)
Copper 4.2515(0.0200) Copper 4.2445(-0.0040) Copper 4.2020(-0.0205)
Steel Rebar4176(-4) Steel Rebar4176(MC) Steel Rebar 4234(58)
Corn676.2(-1.0) Corn674.6(-2.2) Corn683.6(0.6)
Soybean 1506.4(-8.2) Soybean 1502.4(14.0) Soybean 1535.2(25.6)

Cotlook Index 19th January Cotlook Index 24th January Cotlook Index 27th January
100.60(2.00) 102.45(0.65) 102.40(0.75)
Bloomberg Cotton Index Bloomberg Cotton Index Bloomberg Cotton Index
31.6562(1.2085) 31.6416(0.1533) 31.0720(-0.6536)
Karachi Cotton Index Karachi Cotton Index Karachi Cotton Index
20,000.00(UC) 20,000.00(UC) 20,500.00(UC)
Brazil Cotton Index Brazil Cotton Index Brazil Cotton Index
102.95(0.29) 104.84(1.79) 103.89(-0.38)

China Cotton Index 15486(135) China Cotton Index 15486(MC) China Cotton Index 15789(239)
ZCE Cotton Futures ZCE Cotton Futures ZCE Cotton Futures
March 14850(55) March 14850(MC) March 15,010(160)
May14850(65) May14850(MC) May15,005(155)
ZCE Cotton Yarn Future ZCE Cotton Yarn Future ZCE Cotton Yarn Future
May22315(-30) May22315(MC) May22,525(210)

ICE Cotton Futures ICE Cotton Futures ICE Cotton Futures

March 86.70(3.31) March 86.66(0.42) March 85.10(-1.79)
May87.06(3.20) May87.24(0.46) May85.74(-1.71)
December 84.67(2.35) December 85.53(0.40) December 84.36(-1.22)

GUJCOT S-6 Spot Rate GUJCOT S-6 Spot Rate GUJCOT S-6 Spot Rate
(US Cents/lb)97.91(-0.90) (US Cents/lb)96.22(0.07) (US Cents/lb)97.35(0.26)
Ncdex S-6 Kapas Ncdex S-6 Kapas Ncdex S-6 Kapas
April 1,618.0(-10.5) April 1,612.0(2.5) April 1,617.5(-9.5)

US Dollar Index101.781(-0.050) US Dollar Index101.416(-0.259) US Dollar Index102.086(0.365)

Indian Rupee 81.13(-0.23) Indian Rupee 81.59(-0.13) Indian Rupee 81.50(-0.02)
Euro 0.9211(-0.0020) Euro 0.9162(-0.0023) Euro 0.9215(0.0014)
Chinese RBM6.7805(0.0036) Chinese RBM6.7805(MC) Chinese RBM6.7524(-0.0403)
Pakistani Rupee 229.86(0.22) Pakistani Rupee 231.62(0.16) Pakistani Rupee 263.08(12.38)
Turkish Lira 18.7593(0.0030) Turkish Lira 18.7974(-0.0172) Turkish Lira 18.7901(-0.0193)
Brazil Real 5.2071(0.0306) Brazil Real 5.0768(-0.0656) Brazil Real 5.1211(0.0120)
Australian Dollar 1.4386(-0.0124) Australian Dollar 1.4118(-0.0074) Australian Dollar 1.4148(0.0077)

UC = Unchanged MC = Market Closed UC = Unchanged

UC = Unchanged

February 2, 2023 ICF (SICA) News Letter 19

 INDIAN COTTON PRICE BEHAVIOUR - 2019-20, 2020-21, 2021-22 & 2022-23 CROP
Rs. per candy of 355.56 kgs
J-34 (RG) SHANKAR-6 MECH-1/H-4 MCU-5 DCH-32
PUNJAB GUJARAT MADHYA PRADESH ANDHRA PRADESH KARNATAKA
2020-21 15th 30th 15th 30th 15th 30th 15th 30th 15th 30th
Oct ‘20 50650 55025 37300 39800 36800 39500 37900 40300 57000 58300
[41900] [42450] [40000] [39500] [40100] [38800] [41000] [38000] [55300] [52000]
Nov ‘20 55690 57680 41200 42500 40700 42000 41700 42800 58300 57500
[41910] [42460] [37500] [38500] [37900] [38300] [37600] [39000] [53000] [53500]
Dec ‘20 58210 58210 42800 42900 43200 43600 44000 44000 59800 58300
[43120] [43900] [39000] [39500] [39300] [40000] [39800] [40500] [54500] [55500]
Jan ‘21 61000 59680 42800 43800 43600 44500 44000 45500 59500 63000
[45320] [43135] [40200] [39500] [40800] [40000] [41800] [40500] [56600] [59000]
Feb ‘21 59280 61270 45000 45000 45700 47000 46000 48000 69000 70000
[42600] [43150] [39200] [39500] [39800] [39900] [40200] [40100] [55300] [55500]
March ‘21 63390 60740 46300 45300 46000 46500 47000 47000 74000 74000
[43370] [42610] [40000] [40000] [40000] [40000] [40200] [40500] [55700] [55500]
April ‘21 59015 60340 46300 47000 47000 47500 48000 48500 75000 77800
[48640] [48250] [35500] [35500] [35800] [36300] [37000] [36500] [53000] [53000]
May ‘21 61270 66710 47000 49500 47500 50200 48500 51000 80000 83200
[45110] [45760] [35000] [34800] [34500] [34000] [35200] [35000] [53000] [53500]
June ‘21 46880 47990 51000 52500 51500 52500 52000 53500 83500 85000
[48380] [46420] [34900] [33000] [34500] [33300] [35500] [34900] [54800] [54000]
July ‘21 49375 51500 53500 57800 53300 56800 54000 57300 87000 97500
[46160] [46810] [34000] [34000] [34500] [34500] [36000] [35500] [55000] [55000]
August ‘21 50580 50305 57500 56500 56500 56000 58000 57500 96500 96800
[47730] [50380] [35200] [36700] [35300] [37000] [36100] [37500] [55300] [57000]
Sept. ‘21 49750 50490 55200 56500 54500 57000 56500 57500 98500 99000
[50380] [51440] [36500] [36500] [36900] [37500] [37000] [37800] [56800] [57000]
2021-22 15th 30th 15th 30th 15th 30th 15th 30th 15th 30th
Oct. ‘21 56150 61160 59500 62500 58000 63000 60500 64000 113000 125000
(50650) (55025) (37300) (39800) (36800) (39500) (37900) (40300) (57000) (58300)
Nov. ‘21 62920 61060 67500 66000 68000 65800 68000 67300 123000 119000
[55690] [57680] [41200] [42500] [40700] [42000] [41700] [42800] [58300] [57500]
Dec. ‘21 60320 64030 65700 68500 66300 69300 66800 69500 120000 125000
[58210] [58210 ] [42800] [42900] [43200] [43600] [44000] [44000] [59800] [58300]
Jan ‘22 68200 71450 75500 77000 76500 77500 77000 80000 128000 128000
[61000] [59680] [42800] [43800] [43600] [44500] [44000] [45500] [59500] [63000]
Feb ‘22 75160 73770 79000 77000 79000 79800 81000 80300 109500 106500
[59280] [61270] [45000] [45000] [45700] [47000] [46000] [48000] [69000] [70000]
Mar ‘22 77020 88190 80500 93000 83500 94000 84000 94500 106000 115000
[63390] [60740] [46300] [45300] [46000] [46500] [47000] [47000] [74000] [74000]
April ‘22 88190 89120 92500 96000 93500 96700 96500 97000 115000 117000
[59015] [60340] [46300] [47000] [47000] [47500] [48000] [48500] [75000] [77800]
May ‘22 100260 102120 104000 100000 104500 103000 110000 108000 118000 116000
[61270] [66710] [47000] [49500] [47500] [50200] [48500] [51000] [80000] [83200]
June ‘22 108190 95045 99500 95000 102000 94000 106000 97000 115000 109000
[46880] [47990] [51000] [52500] [51500] [52500] [52000] [53500] [83500] [85000]
July ‘22 89990 89890 86000 86500 88000 88500 88500 88500 103000 97000
[49375] [51500] [53500] [57800] [53300] [56800] [54000] [57300] [87000] [97500]
August ‘22 111230 101625 98000 99500 99500 100000 100000 103000 107500 110500
[50580] [50305] [57500] [56500] [56500] [56000] [58000] [57500] [96500] [96800]
Sept’ 2022 73315 66240 80000 72000 84000 73000 86000 76000 99000 87000
[49750] [50490] [55200] [56500] [54500] [57000] [56500] [57500] [98500] [99000]
2022-23 15th 30th 15th 30th 15th 30th 15th 30th 15th 30th
Oct. ‘22 69280 65235 69500 66500 70000 67000 72500 68500 84500 81500
[56150] [61160] [59500] [62500] [58000] [63000] [60500] [64000] [113000] [125000]
Nov. ‘22 69800 69300 69000 68500 69250 68500 69500 69800 82000 75500
[62920] [61060] [67500] [66000] [68000] [65800] [68000] [67300] [123000] [119000]
Dec. ‘22 68800 62730 66500 59500 66000 59000 67000 60000 72000 64500
60320 64030 65700 68500 66300 69300 66800 69500 120000 125000
Jan ‘23 65260 65770 61500 63500 60000 62500 62000 64000 66500 68000
[68200] [71450] [75500] [77000] [76500] [77500] [77000] [80000] [128000] [128000]
Note: The price quoted in Price Behaviour are the spot prices periodicaly prevailing at the end of each fortnight.
They are not Daily Room Rates. (Figures in brackets are for 2019-2020, 2020-21 & 2021-22 crop) Source: ICF Database

February 2, 2023 ICF (SICA) News Letter 20

 Aඖ ඍඛගඑඕඉගඍ ඊඡ C඗ඕඕඑගගඍඍ ඗ඖ C඗ගග඗ඖ Pක඗ඌඝඋගඑ඗ඖ ඉඖඌ C඗ඖඛඝඕ඘ගඑ඗ඖ (COCPC)
එඖ එගඛ ඕඍඍගඑඖඏ ඐඍඔඌ ඗ඖ 15.11.2022
STATE-WISE AREA OF COTTON, PRODUCTION & YIELD
Area: in lakh hectares; Production in Lakh bales of 170 kg.; Yield : Kg per Hectare

Aකඍඉ* Pක඗ඌඝඋගඑ඗ඖ* Yඑඍඔඌ*

STATE
2021-22 2022-23 2021-22 2022-23 2021-22 2022-23
Punjab 2.51 2.41 6.47 9.22 438.21 650.37
Haryana 6.36 6.49 13.16 17.21 351.76 450.80
Rajasthan 7.56 6.83 24.81 27.12 557.90 675.02
Northern Zone 16.43 15.73 44.44 53.55 459.82 578.73
Gujarat 22.84 25.38 74.82 91.83 556.89 615.09
Maharashtra 39.54 41.98 71.18 80.25 306.03 324.98
Madhya Pradesh 5.60 5.99 14.20 15.19 431.07 431.10
Central Zone 67.98 73.35 160.20 187.27 400.62 434.03
Telangana 18.89 19.81 60.67 53.25 546.00 456.97
Andhra Pradesh 5.54 6.02 17.08 17.85 524.12 504.07
Karnataka 6.67 7.11 19.50 21.04 497.00 503.07
Tamil Nadu 1.48 0.79 3.60 1.87 413.51 402.41
Southern Zone 32.58 33.73 100.85 94.01 526.23 473.81
Odisha 1.93 2.04 6.26 6.82 551.40 568.33
Others 0.18 0.17 0.28 0.26 264.44 260.00
All-India 119.10 125.02 312.03 341.91 445.38 464.92

* Provisional
Loose Cotton delivery is based on the survey of “loose cotton delivery and consumption in India” undertaken by
Sardar Vallabhbhai Patel International School of Textiles and Management.

COTTON BALANCE SHEET FOR THE COTTON SEASON 2021-22 AND 2022-23
AS DRAWN BY COCPC ON 15.11.2022
2021-22 (P) 2022-23 (P)
Particulars In lakh bales In In lakh bales In
of 170 kg `000 tonnes of 170 kg `000 tonnes
Supply
Opening Stock 71.84 1221.28 45.60 775.20
Crop 312.03 5304.51 341.91 5812.47
Import 18.00 306.00 10.00 170.00
Total Supply 401.87 6831.79 397.51 6757.67
Demand
Mill Consumption 276.90 4707.30 275.00 4675.00
S S I Consumption 20.87 354.79 20.00 340.00
Non Textile Consumption 16.00 272.00 16.00 272.00
Export 42.50 722.50 40.00 680.00
Total Demand 356.27 6056.59 351.00 5967.00
Closing Stock 45.60 775.20 46.51 790.67
(P) - Provisional
(Source : COCPC)
February 2, 2023 ICF (SICA) News Letter 21
 Published by
ICF (SICA) DAILY ROOM RATES

February 2, 2023
UPCOUNTRY SPOT RATES PER QUINTAL IN RUPEES ( per 100 kgs )
(16-1-2023 to 31-1-2023) excluding intervening holidays
2nd Fortnight
Varieties &
State High Low Ave
16 17 18 19 20 21 23 24 25 27 28 30 31
(1-1-2023 to 31-1-2023)

2022-23
CROP
V-797, 29 mm, G 11951 12092 12373 12513 12654 12654 12513 12654 12795 12795 12935 12935 12935 12935 11951 12498
Jayadhar, 22 mm, K
J-34 - RG, Bh 16950 17084 17151 17285 17285 17151 17017 16883 16749 17419 16749 17017 16950 17285 16615 16961
Mech-1/H4, 28mm, MP 16731 16731 16872 17013 17013 17013 16872 16731 16591 16731 16872 16872 16872 17153 16450 16838

Vice President, Indian Cotton Federation (ICF), Coimbatore 641 015

Shankar-6, 28 mm, Mer 17153 17153 17378 17519 17575 17575 17434 17153 17013 17013 17041 17153 17153 17575 16872 17257
MCU-5, A.P 17716 17716 17941 18137 17997 17997 17856 17716 17575 17575 17716 17716 17716 17997 17294 17742
DCH-32, 34 mm, K 18700 18700 18840 18981 18981 18981 18840 18840 18700 18700 18840 18840 18981 18981 18419 18801
Mech 1, 29 mm, M 17294 17294 17434 17603 17603 17603 17434 17294 17153 17153 17153 17294 17378 17603 16872 17329
2021-22

ICF (SICA) News Letter

CROP
V-797, 29 mm, G
Jayadhar, 22 mm, K
J-34 - RG, Bh
Mech-1/H4, 28mm, MP 19965 19965 19965 19965 19965 20528 19965 20208
Shankar-6, 28 mm, Mer 19965 20246 19965 20160
MCU-5, A.P
DCH-32, 34 mm, K
Mech 1, 29 mm, M

Legend : G : Gujarat, K : Karnataka, Bh ; Bhatinda, MP : Madhya Pradesh, M : Maharashtra, Mer : Merchant, AP : Andhra Pradesh
Note : The official spot rates fixed and registered by the Indian Cotton Federation (ICF-SICA) are for Upcountry spot rates.

477, Kamarajar Road, Uppilipalayam PO, Coimbatore 641 015

22
INDIAN COTTON FEDERATION