MUMBAI (Commoditiescontrol) – Cotton Association of India (CAI) has cut cotton production outlook for 2018-19 (Oct-Sept) by 4.66% year-on-year at 348 lakh bales, in its first advance estimate released on Saturday at seminar held in Aurangabad.
The production of cotton during the 2017-18 was estimated at 365 lakh bales, according to CAI August month release.
Production of cotton is pegged higher by 3.57% in north zone, but down 7.69% and 4% in central and south zone due to poor monsoon and some pest attack in few parts of Maharashtra.
India government too had estimated 2018-19 cotton production down at 324.83 lakh bales versus 348.88 lakh bales a year ago.
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(By Commoditiescontrol Bureau; +91-22-40015533)
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