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CAB pegs India's cotton output at 40mn bales in 2014-15
14
Oct '14
At its first meeting for the new season that began on October 1, the consultative committee of the Cotton Advisory Board (CAB) has estimated India’s cotton production at 40 million bales of 170 kg each.
 
However, cotton exports are likely to be lower at 9 million bales in 2014-15 season, compared to previous season’s exports of 11.8 million bales, mainly due to a projected dip in demand for the raw material from China, India’s main cotton export market.
 
Last season, India’s cotton production was 39.8 million bales and this figure is likely to be surpassed this season as the area under cotton has increased in Gujarat, Maharashtra, Telangana and Andhra Pradesh—all major cotton growing states.
 
Last season, cotton consumption by textile mills grew by 12 percent to 27.5 million bales, according to Mr. T Rajkumar, chairman of Southern India Mills’ Association. He expects the consumption to grow further by five percent during the current season as the textile industry is likely to take advantage of the Government’s pro-active policy.
 
India’s cotton imports are forecast to drop to 700,000 bales in October 2014-September 2015 period from 1 million bales in the previous season.
 
According to a recent United States Department of Agriculture (USDA) report, India will overtake China to become the largest cotton producer in the world this year. For the past 3 decades, China has been the top cotton producer in the world.
 
In 2012-13, India produced 35.675 million bales of cotton. (RKS)
 

Fibre2fashion News Desk - India


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