India to produce 35mn cotton bales this year

In a recent estimate, Mumbai based - The Cotton Association of India (CAI) has estimated India’s cotton crop for this season (October 2012-September 2013) to be at 35.375 million bales.

The total supply during this season will be 41.896 million bales. The domestic consumption is estimated to be 27.1 million bales.

According to Dhiren Sheth, President of CAI, “Cotton crop looks promising despite reduction in cotton acreage.”

The opening stock for this season (2012-13) will be 5.32 million bales. With imports of 1.2 million bales, the total supply will be 41.896 million bales.

Compared to last year, the total production will come down by 1.95 million bales. 

Seshadri Ramkumar