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'India's cotton output may touch 37mn bales next season'
27
Sep '13
India’s cotton production is likely to touch 37 million bales of 170 kg each in the new season beginning October 1, 2013, according to Textiles Minister K Sambasiva Rao.
 
Talking to reporters after inaugurating the ‘Resham Ghar’, the Minister said the country’s cotton production is estimated to be around 37 million bales in 2013-14 season, of which 28.5 million bales would be needed for domestic requirement and the remaining 8.5 million bales would be available for exports.
 
In 2012-13, India’s cotton production is estimated to be around 34 million bales, while domestic consumption is pegged at 26 million bales and exports at 10 million bales.
 
Good monsoon, particularly in the cotton growing states, and increase in acreage are the factors for likely rise in estimated cotton production, Economic Times reported quoting PTI.
 
The Cotton Advisory Board (CAB), however, is yet to announce its estimates of India’s cotton production for 2013-14.
 
Indian cotton production influences the global cotton market as well as prices, as India is the world’s second-largest producer and exporter of cotton.
 
‘Resham Ghar’ is an exclusive outlet for pure Indian silks, and it showcases products from various silk clusters spread over the country, including in the states of Karnataka, West Bengal, Bihar and Tamil Nadu.
 

Fibre2fashion News Desk - India


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