Cotton production in India during the 2016-17 season beginning October 1 is expected to be similar to that in the previous season due to higher yield despite lower acreage, the Cotton Association of India (CAI) said in its first crop estimate.
The CAI has placed its estimate for the season 2016-17 at 336.00 lakh bales of 170 kgs. each. The projected balance sheet drawn by the CAI estimated total cotton supply for the 2016-17 at 400.00 lakh bales while the domestic consumption is estimated at 308.00 lakh bales thus leaving an available surplus of 92.00 lakh bales.
The industry body said that acreage under cotton during the forthcoming crop year is expected to be lower by about 10% than that of the current year.
“However, productivity is likely to be higher during the 2016-17 season due to the better weather conditions across all cotton growing regions of the country. Therefore, the crop for the 2016-17 cotton season is expected to be similar to the cotton crop for the cotton season 2015-16.,” the CAI said.
It placed its July estimate for the ongoing cotton season 2015-16 at 337.75 lakh bales of 170 kgs. each.