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Kharif cotton crop is likely to be at the same level as that of last year, the Cotton Association of India (CAI) said on Tuesday.
The trade body has retained the cotton crop estimates for the year 2016-17 season at 336 lakh bales (of 170 kg each).
The cotton crop estimates released for August is unchanged against the previous month.
As per CAI data, for the year 2015-16, cotton crop was a tad higher at 337.75 lakh bales.
“We are maintaining the crop at the same level as that of last year. There is a decline in acreage of about 10 per cent but the same is likely to be offset by higher yield. Therefore, we have put the estimate at 336 lakh bales,’’ said Dhiren Sheth, president, CAI.
The projected balance sheet drawn by CAI estimated total cotton supply for the cotton season 2016-17 at 398 lakh bales, while the domestic consumption is estimated at 309 lakh bales thus leaving an available surplus of 89 lakh bales.
The association has estimated cotton crop in Gujarat and Maharashtra to be almost neck-to-neck, at 88 lakh bales and 87 lakh bales, respectively.
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