Despite unseasonal rains and lower plantation acreage, the cotton output is estimated to go up by 9 per cent at 360 lakh bales in the crop year 2019-20, beginning from October, on back of better yield following good monsoon, compared to the previous year, according to Cotton Advisory Board (CAB).
The total yield is estimated to go up by 10 per cent to 486.33 lakh bales, this season compared to 443.20 lakh bales last year.in a release here.
Total supply, including opening stock, crop and imports is also estimated to up 6.31 per cent at 429.41 lakh bales compared to 403.91 lakh bales last year.
Total demand is also estimated to grow by 6 per cent per cent to 381 lakh bales from 359.50 lakh bales last season.
Textile Commissioner Dr Kavita Gupta, who is also the Chairperson of the Cotton Advisory Board (CAB), said it has estimated that the country is likely to export 6.7 million bales in the current marketing year that started on October 1, 15.1 per cent up from 5.82 million bales a year ago.
“CAB has estimated that cotton production in 2017/18 is likely to rise 9.3 per cent to 37.7 million bales,” Gupta told PTI.
India’s cotton production is expected to rise by 9.3 per cent to 37.7 million bales in 2017-18, a top official said today. The cotton year starts in October and ends in September.