CAI cuts cotton output estimate on pink bollworm menace in Haryana

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November 23, 2023 The Cotton Association of India (CAI) has revised its cotton production estimate for the current season (October 2023-September 2024) to 294.10 lakh bales (170 kg each) in its October estimate.

The estimate is against its projection of 295.10 lakh bales made earlier and 311.63 lakh bales last season.

The total supply for October 2023 is estimated at 54.74 lakh bales, which consists of 24.34 lakh bales arrivals, imports of 1.50 lakh bales and the opening stock, estimated by the CAI, of 28.90 lakh bales, the association said in a statement.

CAI has retained its consumption projection at 311 lakh bales, as well as exports estimate at 14 lakh bales (16.27 lakh bales last season) and imports outlook at 22 lakh bales (12.5 lakh bales last season). Last season, too, the consumption was estimated at 311 lakh bales.

soruce : https://www.thehindubusinessline.com/

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