Gandhinagar, 27 November 2020
Gujarat will directly benefit from the Sino-US trade war. Gujarat’s agriculture and textile industry may revive. The Modi government will benefit only when it formulates a flexible trade policy. The US has stopped importing textiles from China. China is at risk of losing its finished product to the United States. The state of Zhengjiang is known as the largest rupee producing region in China.
Countries like Japan, America and Europe will import Indian products instead of China. The direct benefit of which will be provided to the cotton growing farmers of Gujarat.
If the Modi government and the Reserve Bank provide necessary financial facilities to the cotton and textile industry, it would be of great benefit. The Reserve Bank should provide transaction financing and structural financing instead of balancing seat financing.
In the Indian market, the price of 29 mm medium wire cotton will be Rs 40,000 to Rs 44,000.
Cotton cultivation was less in Gujarat. The previous rains caused good damage to the crop. Pink caterpillars have affected 6 lakh hectares of Bt cotton in 11 districts of Saurashtra, where farmers irrigated and planted cotton before the monsoon rains.
In which 13 thousand hectares of cotton was planted in advance on 1 June 2020. In which Junagadh, Amreli, Somnath, Jamnagar and Surendranagar were ahead.
By June 15, 2020, 6 lakh hectares of cotton was planted before the onset of monsoon. 90 percent of which was planted in Saurashtra. Amreli had the highest planting in 2 lakh hectares of cotton. After that, cotton was planted in 82 thousand hectares in Bhavnagar, 82 thousand hectares in Rajkot, 43 thousand hectares in Botad. Cotton was cultivated in this way in all 11 districts of Saurashtra.
By 13 July 2020, cotton was planted in 20 lakh hectares. Which was 21 lakh hectares in 2019. The highest area of 3.3 lakh was planted in Amreli. Bhavnagar had 2.24 lakh hectares. 2 lakh hectares were planted in Radakuto. Thus, Saurashtra had 14.50 lakh hectares of cotton under cultivation, of which 12 lakh hectares are estimated to be Bt cotton.
Production per hectare was expected to increase from 490 kg to 775 kg. that will not happen.