CAI maintains 2016-17 Cotton crop forecast at 34.05 mn bales
Commodity Online | May 30 2017
UPDATED 17:52:27 IST

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Cotton Association of India (CAI) has retained its April estimate of the Cotton crop for the 2016-17 crop year at 34.05 million bales of 170 kilograms, the association said in its April projection.

Cotton production stood at 33.7.5 million bales last year, CAI said in a release. One bale is of 170 kg.

The projected balance sheet drawn by the CAI estimated total Cotton supply for the season at 41.05 million bales, while the domestic consumption is estimated at 30 million bales, which will leave an available surplus of 11.05 million bales.

The arrival of Cotton during April is estimated at 3.075 million  bales compared to 2.225 million bales arrived during the same month last year, CAI said.

The total arrival this season up to April are estimated at 30.625 million  bales, which is around 90 per cent of the total estimated crop, it added.