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Indian cotton acreage may decline next sowing season
19
Sep '12
Indian cotton acreage in the next cotton sowing season will be slightly lower than in the current sowing season, says a top official of a textile mills association.

Speaking at the 53rd general meeting of The Southern India Mill’s Association (SIMA), Mr. Dinakaran who was re-elected for the second time as the Chairman, presented a paper on the Indian cotton scenario, price situation and spinning capacity details.

According to Chairman Dinakaran, the acreage for the current sowing season is 30.09 million acres, which is 8% higher than the last sowing season. SIMA chairman reported that this situation will change next year with the lowering of cotton acreage. At the same time, cotton consumption in India is expected to marginally increase.

The spinning capacity in fiscal year 2011-12 is on an increasing trend, with the total capacity reaching 48.25 million spindles and 771,000 rotors, which is 1.5% and 5.3% higher respectively compared to fiscal year 2010-11.

India’s Cotton Advisory Board estimated this season’s production to be 35.3 million bales (170 kgs each) and the mill consumption this year to be 23.9 million bales (170 kgs each).

In his statement, Chairman Dinakaran did not exactly estimate the percentage decline in the cotton acerage for the next sowing season. 

Dr Seshadri Ramkumar


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