Cotton arrivals in October recorded at 31.12 L bales: The Cotton Association of India (CAI)

24 November 2021, Mumbai:

The organisation has retained its earlier projection of crop yield for the season beginning October 1, 2021, at 360.13 lakh bales, up by 7 lakh bales from 353 lakh bales estimated for the previous year.

The Cotton Association of India (CAI) on Tuesday stated that cotton arrivals in the first month of the season stood at 31.12 lakh bales (170 kg each), up by about 15 % from 27.16 lakh bales recorded in the same month last year.

The organisation has retained its earlier projection of crop yield for the season beginning October 1, 2021, at 360.13 lakh bales, up by 7 lakh bales from 353 lakh bales estimated for the previous year.

During October, the total cotton supply, including the arrivals of 31.12 lakh bales, is estimated at 107.12 lakh. It includes imports of 1 lakh bales and also the opening stock of 75 lakh on October 1. On the other hand, the CAI has estimated cotton consumption during October at 27.91 lakh bales with export shipments of 4 lakh. Financial Express

(The news article has not been edited by DFU Publications staff)

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