MUMBAI (Commoditiescontrol) - Cotton Advisory Board (CAB) has revised India's cotton ending stocks in the year started October to 43 lakh bales (170kg each) due to a fall in consumption by the mills, a release by the board stated.
According to the data, the estimated demand from mills was revised to 268 lakh bales from 288 lakh bales estimated in December.
However, the board revised the output estimates of cotton to 370 lakh bales in its latest forecast from 377 lakh bales in December.
Output of cotton has been revised because of pest attack in key growing states, particularly Maharashtra, and inadequate monsoon in Karnataka and Tamil Nadu, Kavita Gupta, textile commissioner said in the board's second meeting on Jun 16.
She said a study is also being conducted by the Ahmedabad Textile Industry's Research Association to estimate consumption of cotton by units other than mills and small scale industry units (SSI units), which may include consumption by khadi and village industries.
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(By Commoditiescontrol Bureau; +91-22-40015533)
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