“Exports from India are virtually at a standstill,” said Dhiren Sheth, President of Mumbai based Cotton Association of India (CAI).
CAI recently estimated Indian’s production for this season. According to CAI, the total cotton supply during this season will be 41.9 million bales. The domestic consumption will be 27.5 million bales. The surplus for this season will be 14.4 million bales.
Gujarat will be the leading cotton producing state with an estimated production of 8.5 million bales. Andhra Pradesh in South India will be the number 2 with its production estimated at 7.4 million bales. The third largest producer will be Maharashtra with an estimated production of 7.15 million bales.
The total domestic demand during this current season will be 27.5 million bales, which is far less than last year’s consumption which was about 38.2 million bales.
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