CAI estimates 110 lakh bales in surplus: Feb 21, 2017 - NAGPUR

By admin       2017-02-22

The Cotton Association of India (CAI) has maintained the cotton crop estimates for the year 2016-17 at 341 lakh bales - which is same as last month. However it has increased the consumption estimates for the ongoing crop year to 295 lakh bales against its previous estimates of 290 lakh bales. The CAI projected balance sheet estimates the total cotton supply for the season at 405 lakh bales with last year's material being carried forward. Since domestic consumption is estimated at 296 lakh bales total available surplus for the season is 110 lakh bales. Country is divided into three major cotton zones - north, central and south. North zone comprising Punjab, Rajasthan and Haryana has together contributed 25.75 lakh bales so far to the market. The central zone which comprises Gujarat, Maharashtra and Madhya Pradesh has sent the maximum cotton in the market at 89.50 lakh bales while the south zone contributed 38.75 lakh bales. This takes the total cotton availability in market till January end at 157.75 lakh bales. Stay updated on the go with Times of India News App. Click here to download it for your device. 

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