June 10, 2013
Cotton Association of India has estimated cotton crop for the current cotton year at (October- September) at 35.2 million bales as on May 31 lower. In 2011-12 cotton crop was 37.3 million bales a fall of 6%. The body has estimated the projected cotton balance sheet for 2012-13 at 42.5 million bales and pegged domestic consumption at 27.8 million bales.
This year cotton surplus is estimated to be at 14.7 million bales, while arrivals as on May 31 stood at 33.9 million bales. Mill consumption is estimated to go up to 24 million bales from 21.7 million bales in 2011-12, while total demand is reported to be lower at 27.8 million bales compared to 38.2 million bales in the corresponding period last year.
(Source: Business Standard)