Monday, June 8, 2009

CAI estimates cotton production at 290.75 lakh bales

The Cotton Association of India (CAI) has estimated the country's production of cotton at 290.75 lakh bales for the current year with the arrivals estimated at 284.50 lakh bales as on May 30.

According to details released by the CAI here today, the total supply estimated at 343.75 lakh bales as against a demand of 275 lakh bales.

Each bale was of 170 kg of cotton. Consumption by mills in the country was estimated around 200 lakh bales with the SSI units having a 20 lakh bale requirement and non-mill consumption estimated at around 15 lakh bales.

Exports would be around 40 lakh bales. The carry over stock had been pegged at 68.75 lakh bales.

The CAI put the opening stock at 43 lakh bales and imports at 10 lakh bales.

Of the total production, the maximum of 171.50 lakh bales was contributed by the central zone consisting of Gujarat (90 lakh bales), Maharashtra (64 lakh bales) and Madhya Pradesh (17.50 lakh bales).

The north contributed 38.25 lakh bales and the south 67.50 lakh bales with the balance coming from rest of the country. Andhra Pradesh had the third largest production of cotton after Gujarat and Maharashtra at 55 lakh bales.

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