Cotton Production

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..... Cotton Production
News and Press Release
Dated:- 13-12-2012

Press Information Bureau Government of India Ministry of Textiles 12-December-2012 18:03 IST Cotton Advisory Board (CAB) h .....

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..... as estimated 2011-12 cotton production at 353 lac bales, consumption at 252 lac bales and exports at 128.81 lac bales. Despite the increase in production, record cotton exports helped sustain Indian .....

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..... cotton prices during cotton season 2011-12 above MSP levels. By July 2012, domestic cotton prices crossed international prices, causing several textiles mills to import cotton from cheaper internation .....

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..... al destinations. The volatility in cotton prices in cotton seasons 2010-11 and 2011-12 resulted in textiles industry experiencing negative operating cash flows, low profit margins, skewed debt to equi .....

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..... ty ratio, inadequate debt service coverage ratio and low return on capital employed and necessitated a Rs.35000 crores debt restructuring package undertaken on a case by case within the RBI's prudenti .....

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..... al guidelines. This information was given by the Minister of Textiles, Shri Anand Sharma in a written reply in the Rajya Sabha today. DS/RK ******
News - Press release - PIB .....

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