Cotton

Textile production units have halted in Karur and Tiruppur, and the manufacturers have gone on a strike demanding the centre to arrest the rising prices of cotton and yarn. On May 17, 70% of garment production units were shut in Tiruppur. In Karur, around 800 home textile manufacturing units were shut. Reportedly, cotton now costs Rs 1 lakh per candy (356 kg), which was Rs 57,000 in September, 2021.

Pakistan PM Imran Khan rejected the Economic Coordination Committee's decision to trade with India on April 1. Reportedly, the ECC on March 31 decided to resume import of cotton and sugar from India after two years. While Pakistan did not cite any reason for the unilateral U-turn, the imports were notably blocked since the Centre scrapped Article 370. The imports were earlier nodded as both armies committed to a ceasefire along LAC.

Cyclone Nivar has caused devastating losses in south India in the last few days. The cotton crops in the Nandigama mandal of Andhra Pradesh have seen catastrophic damage. Many farmers claimed that the crops were stained and as a result have become worthless. Some stated that the cyclone induced a delay in supply, as the cotton bale got drenched because of the rains. Reportedly, over 30,000 hectares of agricultural plants and 1,300 hectares of… read-more