The Cotton Association of India (CAI) has revised cotton crop production for states while retained same estimated production for India in 2017-18.
The CAI estimates that India is likely to witness a total of 360 lakh bales of 170 kgs each this year as compared to 337.25 lakh bales in 2016-17 season. Maharashtra and Karnataka are expected to note an increase of 2 lakh bales and 50,000 bales, respectively, in cotton production. (Notably, the cotton marketing season begins from October 1.)
For Gujarat, cotton production is likely to go up from 89 lakh bales last year to around 105 lakh bales this year.
However, Telangana and Andhra Pradesh are likely to witness a decline in cotton production by 1.50 lakh bales and 1 lakh bales, respectively.
Total supply for cotton production till April 30 stood at 347 lakh bales including arrivals of 311 lakh bales. At least 6 lakh bales of cotton were imported till April 30, CAI stated.
Average monthly cotton consumption during October 2017 to April 2018 stood at 27 lakh bales with a total of 189 lakh bales.
Further, cotton supply is likely to reach 410 lakh bales till September 30 including opening stock of 30 lakh bales at the beginning of the season.
It has been estimated that India may witness domestic consumption of 324 lakh bales in the season while 65 lakh bales are likely to be exported. CAI further informed that the carry-over stock at the end of 2017-18 season is estimated at 21 lakh bales.
A total of 97 lakh bales including 52 lakh bales with textile mills and rest 45 lakh bales are expected to be stocked by CCI and others at the end of April 2018.