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Cotton output to rise 8.11 per cent to 37.3 mn bales in 2017-18 season

Cotton production is estimated to grow by 8.11 per cent to 373 lakh bales in 2017-18 season ending September over the previous year, says the Confederation of Indian Textile Industry (CITI). Production is projected to expand on account of 13 per cent increase in cotton crop area to 122.59 lakh hectares from 108.45 lakh hectares.

High prices of cotton domestically and internationally would further force consumption to either remain stagnant or slightly at lower side. Hence, consumption figures should not exceed beyond 316 lakh bales, including the non-mill consumption of 19 lakh bales.

The closing stock of cotton for 2017-18 would be around 49.81 lakh bales which is sufficient for the textile sector to smoothly run their units throughout the year. The Cotton Association of India (CAI) earlier this week increased its May estimate of the cotton crop production by 5 lakh bales to 365 lakh bales for 2017-18 season (October to September).

 
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