Global cotton consumption likely to fall 11.8%
In what could spell some worries for cotton growers in India, the largest producer, the International Cotton Advisory Committee (ICAC) has projected a bleak consumption outlook for the fibre crop in 2020-21. ICAC has projected that cotton offtake is set to shrink by 11.8 per cent as bleak economic conditions triggered by Covid-19 containment measures across the globe, coupled with unprecedented shifts in the labour market and growing unemployment, have dented the consumption spirit.
While this bleak consumption outlook may push cotton growers away from the fibre crop, it will also put a pressure on the prices, which is estimated to average at 56.9 cents per pound for 2020-21 as against the average of 71.4 cents for 2019-20.
CMFRI launches GIS-based database on fish landing centres
The Central Marine Fisheries Research Institute (CMFRI) has launched an online GIS-based database on fish landing centres around the Covid-19 hotspots in Kerala.
The database has colour-coding of 156 fish landing centres in accordance with their geographical proximity to the Covid-19 hotspots.
The GIS database, which is available at www.cmfri.org.in, will be updated in tune with the changes in the status of Covid hotspots, said A Gopalakrishnan, Director of CMFRI.
Tea Board fixes green leaf price at ₹14.45/kg for May
The Tea Board of India has announced that the district average price for green leaf during May in the Nilgiris will be ₹14.45 a kg.
Tea Board’s Executive Director M Balaji said that this price has been fixed based on the consolidated auction sale average of CTC teas from bought leaf factories during April.
He said that all bought factories have been instructed to adhere to this average price while buying green leaf from small growers this month.