| Date: |
07-01-2011 |
| Subject: |
Latest Indian Cotton Output Figures Surpass Earlier Estimates |
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Raw cotton production in India in the 2010-11 season is expected to climb to 32.9 million bales (1 bale = 170 kg) from the previously assessed figure of 32.5 million bales made in August by the Cotton Advisory Board (CAB).
The latest assessment was arrived at a meeting held in Mumbai today of the Cotton Advisory Board. This figure is also higher than the 29.5 million bales produced in 2009-10.
The opening stock of raw cotton at the beginning of the season stood at 4.05 million bales, while closing stock of the season is estimated at 4.45 million bales.
Overall mill consumption is anticipated at 23.05 million bales, SSI consumption at 2.45 million bales and non-mill use at 2 million bales. Exports as announced earlier will be 5.5 million bales.
According to reports, despite cotton crop damage in the southern states due to the rains, the production has shown improvement in the northern and central cotton producing states.
Source : fibre2fashion.com
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