By admin       2018-08-09

For the 10 months (October 2017 to July 2018), CAI has estimated cotton consumption at 270 lakh bales, while exports are seen at 67 lakh bales. The stock at the end of July 2018 is estimated at 63.45 lakh bales. For the entire season ending September 30, 2018, CAI puts the supply at 416 lakh bales. The cotton body has estimated domestic consumption at 324 lakh bales, while the exports are estimated to be at 70 lakh bales. The carry-over stock at the end of the 2017-18 season is projected at 22 lakh bales.“Prices may remain firm going forward. With the MSP fixed at ₹5,450/quintal, it will come to around ₹47,000-48,000 per candy (of 356 kg). So, if the private players need to purchase, they will have to pay this higher price,” said Ganatra.

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