Last Updated : 13 November 2012 at 11:25 IST
India Cotton crop for Oct 2012-Sept 2013 estimated at 35.4 mn bales: CAI
Source :Commodity Online
CAI estimates the total supply for this year to be 41.7 million bales (170 kg each). The demand in the new season is estimated to be 26.6 million bales (170 kg each), which is far less than last year’s demand.
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TEXAS, USA (Commodity Online):The Cotton Association of India (CAI) has estimated the cotton crop for the new season (Oct 2012- Sep 2013) to be 35.4 million bales (170 kg each).
According to the CAI estimates, there will be a decrease of 3 percent in cotton cultivation area this year over the past year. According to the new estimates, the State of Gujarat will tie its number 1 position with the State of Maharashtra. Gujarat will have a drastic decline in cotton production over the last year. The new estimates predict Gujarat to produce 8 million bales (170 kg each) this year against 11.4 million bales (170 kg each) of last year. Maharashtra’s production will match with that of Gujarat and will see an increase in production this year.
CAI estimates the total supply for this year to be 41.7 million bales (170 kg each). The demand in the new season is estimated to be 26.6 million bales (170 kg each), which is far less than last year’s demand.
India is estimated to have a good surplus of 15.1 million bales (170 kg each). This surplus is about 3 times the closing stock for this past year ending in September 2012.
According to Dhiren Sheth, President of CAI, the association has requested the government to expedite exports and remove the ceiling of ten thousand bales, which an Indian exporter can apply at each time during export registration.
More importantly, the CAI has requested the removal of cotton registration for exports altogether.
(The author is Associate Professor at Texas Tech University, USA)
