The Cotton Association of India has retained its cotton crop estimate for the 2022-23 season at 344 lakh bales (1 bale equals 170 kg). The exports for the season 2022-23 are estimated at 30 lakh bales, against the previous year's 43 lakh bales.
According to the Tamil Nadu Spinning Association and reports from other places, the average price of cotton was Rs35,000 a candy (345 kg) in October 2020 and it rose to Rs 55,000 in October 2021, when the new cotton season started.
The first meeting of the council has been scheduled for 28 May. It will discuss, deliberate and prepare a robust action plan for bringing out a tangible improvement in this field.
The Centre termed this decision as a necessity to help the textile industry cope with the raw material shortages. The Finance Ministry says that the scrapping of import duties was necessitated due to below-expected yields in the country and surge in domestic cotton prices.
The Central Board of Indirect Taxes and Customs (CBIC) has notified the exemption from Customs duty and Agriculture Infrastructure development Cess for import of cotton.
The Forest officials, after inspection, suspected that the deaths were caused due to avian botulism caused by water-soluble toxin produced by the pesticides sprayed in the paddy-fields by the local farmers.
The Centre has issued a warning to all cotton-growing states to check the sowing of white fly-infested seeds to prevent…
