Cotton output estimate revised to 390 lakh bales

The Cotton Advisory Board, which met in Mumbai on Wednesday, has estimated cotton production in the country this year (October 2013 to September 2014) to be 390 lakh bales.

In its meeting held in November last, the board had estimated cotton production this year to be 375 lakh bales. It has been revised to 390 lakh bales now.

According to a release from the Office of the Textile Commissioner, imports are expected to be eight lakh bales as against almost 15 lakh bales last year.

On the demand front, consumption by textile mills is estimated to be 252 lakh bales and that by SSI units 25 lakh bales.

Exports are likely to be 114 lakh bales as against 101 lakh bales last year. The closing stock is estimated to be 32 lakh bales this year.

Industry sources told The Hindu that there had not been severe price fluctuations for cotton this season.

The price of Shankar–6 variety of cotton was Rs.43,600 a candy on Wednesday.

About 45,000 bales continue to come to the market every day. And, the mills are having about a month’s stock of cotton with them.

Their consumption is expected to go up soon.

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Printable version | Jul 27, 2021 4:19:06 PM |

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