Saturday, October 25, 2008

Extended Monsoon Delays Cotton Arrivals - Oct 25, 2008

Chennai: The prolonged rainy season across much of the country forced back harvest and ginning of cotton, reflected in the latest arrivals data. Data obtainable with Globecot, a global consulting firm for the fibre and textile industries, advise that cumulative arrivals via the week ending Oct 18 stand at 1.3 million bales (170 kg), 21.3 per cent less than last year. The pace of arrivals this year lags behind compared with the same period a year ago in almost every State, reflecting the widespread delay.

Given reports that the volume of rain from the monsoon was close to normal across the country. if a little delayed several organisations continue to project that total output will increase from last year, implying that cumulative arrivals will eventually surpass last year's total.

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