CAI retains cotton estimate of 341 lakh bales for 2016-17

17 Mar '17

1 min read

The Cotton Association of India (CAI) has retained its cotton crop estimate for the ongoing cotton season at the same level as in the last month, that is, 341 lakh bales of 170 kg each in its February estimate of the cotton crop for the 2016-17 crop year that began on October 1, 2016. CAI has estimated total cotton supply for the season at 407 lakh bales.

The projected Balance Sheet drawn by the CAI has estimated the domestic consumption at 295 lakh bales, thus leaving an available surplus of 112 lakh bales, said the association in a press release.

The farmers continue to realise better price for their produce since the cotton prices have remained firm. The cotton arrivals are in full swing now and gap of arrivals as compared to last year has narrowed down considerably in the preceding period.

India had produced 337.75 lakh bales of cotton in the last season. (KD)

ALCHEMPro News Desk – India

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