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India's textile organisations differ on cotton production estimate

Last week, CAI retained the cotton crop estimate for the ****-** season at ***.** lakh bales. The conclusion has come after detailed discussion and reports from state organisations, CAI said. It was also mentioned that a total of ***.** lakh bales of cotton were available from October **** to July ****. 

However, SIMA chairman Ravi Sam stated that the underestimation of crop size has impacted the cotton market, increasing the cotton price by &#****;*,*** per candy of *** kg within a few days. He pointed out that the cotton arrival, according to the Cotton Corporation of India, has already exceeded *** lakh bales for the ****-** season, whereas CAI projected the crop size as ***.** lakh bales and the arrival as only ***.* lakh bales.