Sunday, June 24, 2018

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The hand-dyed #britspun #cotton on the loom. Aqua #blue with natural white. #tweetmaster

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Production estimates were lower in the beginning of the season as the board expected damage to the crop from bollworm attack. CAB’s closing stock has been estimated at 43 lakh bales. The Cotton Association of India (CAI), in its recent report, has estimated cotton crop for the ongoing 2017-18 season beginning from October 1, 2017, at 365 lakh bales (of 170 kg each), which is higher by 5 lakh bales from its previous estimate in May. The CAI has estimated domestic consumption for the season at 324 lakh bales while the exports for the season are estimated by the CAI at 70 lakh bales. “We can end the season with exports of 70 lakh bales,” Ganatra had said earlier adding that higher international prices would drive up shipments. Meanwhile, Confederation of Indian Textile Industry (CITI) has estimated the production of Indian cotton crop for the cotton season 2017-18 at 373 lakh bales (170 kg each) which is estimated to be 8.11% higher from the previous year owing to the increase in area under cotton cultivation by almost 13% i.e. from 108.45 lakh hectares to 122.59 lakh hectares. The estimated balance-sheet for 2017-18 shows production as 373 lakh bales, imports at 15 lakh bales and exports at 70 lakh bales. Further consumption is estimated to be 316 lakh bales (including non mill consumption of 19 lakh bales) against 306 lakh bales in 2016-17.

For the original version including any supplementary images or video, visit https://www.financialexpress.com/industry/cotton-output-estimate-for-2017-18-cut-by-7-lakh-bales/1212663/

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