INDIA - India’s cotton output has recorded a drop in output that was recorded at 40.2 million bales (170 kgs each in 1 bale) during 2014-15, the Cotton Association of India (CAI) said in its November estimate.
During the same period last year, total cotton crop stood at 40.7 million bales, CAI adds.
CAI said the projected balance sheet drawn for the year 2014-15 estimates total cotton supply at 47.39 million bales while domestic consumption is estimated at 30.60 million bales thus leaving an available surplus of 16.79 million bales.
Cotton output in Gujarat state was down to 1.22 million bales during 2014-15, as compared to 1.29 million bales produced during 2013-14.
Minimum Support Price (MSP) operations are taking place all over the country and the Cotton Corporation of India (CCI) has done a very good job so far and procured close to 2 million bales under MSP operations, CAI said.
CAI stressed that financial and infrastructural (ginning capacity, storage capacity and man-power) stress will start showing soon and it is, therefore, necessary that the entire cotton sector lends unstinted support to the CCI in discharging its onerous responsibility.
TheCropSite News Desk