Cotton Production

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....otton Production <br>News and Press Release<br>Dated:- 13-12-2012<br><BR>Press Information Bureau Government of India Ministry of Textiles 12-December-2012 18:03 IST Cotton Advisory Board (CAB) ha....

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....s 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 c....

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....otton 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 internationa....

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....l 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 equit....

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....y 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 prudentia....

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