Quantcast
Other Stories

Cotton Advisory Board (CAB) has estimated 2011-12 cotton production at 353 lac bales, consumption at 252 lac bales and exports at 128.81 lac bales.

13 Dec 2012

NEW DELHI(Commodity Online): India’s cotton production is projected at 5.64 million tons of world crop size of 26.08 million tons in 2012-13 cotton season. The estimated production is 21.62 percent of the world production , according to Anand Sharma, Minister of Textiles.

In cotton season 2011-12, India’s cotton production was 6 million tons of the world crop size of 27.28 million tons which was 21.99 percent. India’s cotton balance sheet shows an exportable surplus of 0.74 million tons.

India’s cotton prices are currently USD 5 cents/ lb below the COTLOOK index. Cotton markets are functioning in an orderly manner and no policy interventions other than minimum support price operations in some cotton growing States are envisaged. The cotton distribution policy is reviewed on a regular basis. Cotton exports have been placed on open general licensing category subject to registration by DGFT effective October 1, 2012.

India is the world’s 2nd largest cotton exporter and exported 128.81 lac bales in cotton season 2011-12. Government has formulated the National Fibre Policy with a decadal perspective, envisaging an annual growth rate of 7 percent for cotton fibre in period 2010-20.

The Cotton Advisory Board estimates a crop size of 334 lac bales, mill/SSI consumption of 250 lac bales and export of 70 lac bales. The recommendations of the Cotton Advisory Board have been accepted by the Government. Government has decided that the exportable surplus of 70 lac bales would be adhered to in registration of cotton exports. Last year the export was 128.8 lakh bales.

Cotton Advisory Board (CAB) has estimated 2011-12 cotton production at 353 lac bales, consumption at 252 lac bales and exports at 128.81 lac bales.


YOUR RESPONSE
Click on the image to reload it
Click to reload image
COMMENTS (0)

@2013 COMMODITYONLINE ALL RIGHTS RESERVED