​​​
  1. Cotton crop likely to be at 336 lakh bales in 2016-17: CAI

Cotton crop likely to be at 336 lakh bales in 2016-17: CAI

The July estimate for the ongoing cotton season 2015-16 stood at 337.75 lakh bales of 170 kgs, CAI said in a release issued here.

By: | Mumbai | Published: August 29, 2016 7:15 PM
Cotton-Re-L The July estimate for the ongoing cotton season 2015-16 stood at 337.75 lakh bales of 170 kgs, CAI said in a release issued here. (Reuters)

Cotton production is estimated to be at 336 lakh bales for the cotton season 2016-17 starting October 1, on better weather conditions, Cotton Association of India (CAI) said in its first estimate.

The July estimate for the ongoing cotton season 2015-16 stood at 337.75 lakh bales of 170 kgs, CAI said in a release issued here.

CAI further said the acreage under cotton during the ensuing 2016-17, is expected to be lower by about 10 per cent than the current year.

However, productivity is likely to be higher during the 2016-17, due to the better weather conditions across all cotton growing regions of the country, it said.

Therefore, CAI said, the crop for the 2016-17 cotton season is expected to be similar to the cotton crop for the cotton season 2015-16.

The total cotton supply for the cotton season 2016-17, is estimated to be at 400 lakh bales while the domestic consumption is estimated at 308 lakh bales, leaving an available surplus of 92 lakh bales.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top