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The Cotton Association of India (CAI) has estimated the country’s cotton crop at 375 lakh bales (each of 170 kg) for the 2017-18 season beginning October 2017.
In its first estimate, CAI estimated cotton crop for the 2017-18 season at 375 lakh bales, which is higher by 37.75 lakh bales or 11 per cent as compared to the previous year’s crop of 337.25 lakh bales.
“The increase in crop estimated for the 2017-18 crop year is on account of the higher acreage under cotton than compared to the previous crop year. The acreage under cotton during 2017-18 is estimated to be more by about 19 per cent than that of the previous season,” said Atul Ganatra, President, CAI, in a statement on Wednesday.
However, yields are likely to be lower by about 9 per cent this year owing to the damage caused by pink bollworms.
The projected balance sheet drawn by the CAI estimates the total cotton supply for the 2017-18 season at 422 lakh bales including the opening stock of 30 lakh bales and the imports which are estimated at 17 lakh bales.
The domestic consumption is pegged at 320 lakh bales, while the exports are expected to be about 63 lakh bales.
The CAI has retained its estimate for the previous crop year at 337.25 lakh bales.
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