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Lower yields & adverse climatic conditions hits cotton crop
14
Feb '09
Cotton output from India, which was earlier estimated at 32.2 million bales (1 bale=170 kg) in October 2008, has been revised to 29 million bales, a drop of 9.94 percent. This disclosure was made by the Textile Commissioner, Mr AB Joshi, on the sidelines of a Cotton Advisory Board (CAB) meeting.

Mr Joshi said, “The fall in production has mainly come due to decline in output from Gujarat, which is one of the biggest cotton producers in the country, due to adverse agro-climatic conditions”. Cotton crop in Gujarat is estimated to yield 9 million bales against the earlier estimates of 11 million bales, he disclosed.

Commenting on exports of the white gold, he said, “Total cotton exports from the country are projected at 5 million bales, 2.5 million bales short of the earlier estimates made in October and less by 3.5 million bales, when corresponded to 8.5 million bales exported in the previous year”.

The other reasons for the fall in cotton crop are the lower yields. The yield from the current year's cotton crop is expected to be 526 kg per hectare, compared to the projected figure of 591 kg, estimated in October, last year. But area under Bt cotton cultivation is more or less near the estimated figure of 75 percent of total cotton acreage.

Despite a fall in output, supplies are expected to remain sufficient, due to an expected decline in exports and an overall dip in demand from the mills, which have hand-to-mouth supplies and their demand is expected to fall in 2008/09, looking at current market conditions, Joshi said.

The Cotton Corporation of India (CCI), the state owned cotton purchasing body, meanwhile announced that it had procured 7.1 million bales from the market at new MSP rates, of which it has sold only 1.2 million bales.

Fibre2fashion News Desk - India


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