Latest News | CAI Estimates Cotton Production at 360.13 Lakh Bales for 2021-22 Crop Year

Mumbai, Oct 30 (PTI) The Cotton Association of India (CAI) on Saturday estimated cotton output at 360.13 lakh bales for the crop year (October-September) 2021-22, due to expectation of better yield.

The total cotton production in the last season is estimated at 353 lakh bales, which is 7.13 lakh bales less than the current season, the CAI said in a statement.

Also Read | 1 TB Internal Phone Memory! Samsung Ready With World's First 1TB Chip for Smartphones.

"The cotton yield is estimated to be excellent and the farmers are expected to go for the third and fourth pickings due to good availability of water following a good monsoon," CAI president Atul Ganatra told PTI.

The total estimated cotton supply till end of the 2021-22 season, that is up to September 30, 2022, was at 445.13 lakh bales, which consists of the opening stock of 75 lakh bales at the beginning of the season, crop for the season estimated at 360.13 lakh bales and imports for estimated at the same level as in the last year at 10 lakh bales.

Also Read | 10-0! Jose Mourinho Starts AS Roma Managerial Career in Style by Defeating Serie D Side Montecatini.

Domestic consumption for the 2021-22 crop year is estimated at the same level as in the last year, that is 335 lakh bales, CAI said.

The exports of cotton season 2021-22 estimated by the CAI are 48 lakh bales against 78 lakh bales estimated for 2020-21.

"We have estimated exports to be lower than the previous season as the domestic cotton prices have firmed up to be at par with the rates in the US," Ganatra said.

The carry over stock estimated at the end of the season on September 30 is 62.13 lakh bales.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)