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India to witness record cotton output in 2013-14: CAB
Jul '14
The Cotton Advisory Board (CAB), the Government of India’s body that estimates cotton production, consumption, exports and imports in the country, has forecasted India’s cotton production for the ongoing season (October 2013-September 2014) to be at a record high of 39 million bales, according to a Business Standard report.
The all-time high output is expected despite the area under cotton being lower compared to last season as the yield per hectare is likely to increase, according to the CAB.
In 2012-13 cotton season, the area under cotton was 11.98 million hectares, which fell to 11.73 million hectares this season, due to reduction in cotton sowing area in some states.
On the other hand, the average cotton yield per hectare increased by 9 percent to 565.36 kg compared to the previous season, due to improvement in the quality of seeds.
Meanwhile, cotton exports from India climbed to 11.4 million bales, as against last year’s exports of 10.1 million bales, with about 6.2 million bales making way to China. Bangladesh, Pakistan, Turkey and Vietnam also imported good amount of cotton from India, CAB said.
Textile mills consumption of cotton is expected to remain at 25 million bales, almost same as the last year, while consumption by small-scale units increased slightly from 2.3 million bales last year to 2.5 million bales this year, the CAB estimated.
However, India’s cotton imports declined this year to 800,000 bales compared to last year’s imports of 1.4 million bales.

Fibre2fashion News Desk - India

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