MUMBAI (Commoditiescontrol) - The Cotton Association of India (CAI) has released its first estimate of the cotton crop for the ensuing season 2015-16 beginning on 1st October 2015. The CAI has pegged domestic cottong production during the 2015-16 at 380 lakh bales of 170 kgs each.
The projected Balance Sheet drawn by the CAI estimated total cotton supply for the season 2015-16 at 470.65 lakh bales while the domestic consumption is estimated at 325 lakh bales thus leaving an available surplus of 145.65 lakh bales.
CAI expected acreage under cotton during the ensuing 2015-16 cotton season to be less than that of the current crop year. However, it expects higher yield during the 2015-16 crop season due to good and timely rainfall in the cotton growing areas. Therefore, the crop for the 2015-16 cotton season is expected to be similar to the cotton crop for the 2014-15 crop year.
CAI has also released its July estimate for the ongoing cotton season 2014-15 and placed the same at 382.75 bales of 170 kgs each.
Meanwhile, as per CAI, the cotton arrivals in the country was 379.25 Lakh bales as of 31st July 2015.
Statewise Cotton Crop Estimate For The Season 2015-16:
(By Commoditiescontrol Bureau; +91-22-40015533)
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