₹6,620/ quintal and for long staple cotton at ₹7020/quintal. “Cotton is one of the leading sectors for economic activity for livelihood and it plays a pivotal role in the growth of the Indian economy as around 6 million farmers are engaged in cotton production and 35 million farmers grow cotton across the globe," the official said.
As per textile ministry data, cotton production came down from in 37 million bales 2017-18 to 33 million bales next year. After a significant growth in 2019-20 (36 million bales), output fell to 35 million bales in 2020-21 and 31 million bales in 2021-22.
Total production of the white gold in 2022-23 was 34 million bales. India will showcase its recent innovations, achievements and best practices at the global platform, she said, adding that the country will launch products made of Kasturi Cotton, a premier variety, before the international audience for the first time.
Around 400 delegates from 35 countries are expected to participate in the meeting. The plenary meetings of the ICAC provide a forum for discussions on international issues of importance to the world cotton industry, and give an opportunity for the industry and government leaders from cotton producing, consuming and trading countries to deliberate on matters of mutual concern.
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