The
Cotton Association of India (CAI) has released its second estimate for the
cotton season 2015-16 beginning at 1st October 2015. The CAI lowered its estimate for the cotton
season 2015-16 and placed the same at 377.00 lakh bales of 170 kgs each. The projected Balance Sheet drawn by the CAI
estimated total cotton supply for the season 2015-16 at 467.65 lakh bales while
the domestic consumption is estimated at 325.00 lakh bales thus leaving an
available surplus of 142.65 lakh bales.
A statement containing the State-wise estimate of the cotton crop and
the Balance Sheet for the season 2015-16 with the corresponding data for the
ongoing crop year 2014-15 is enclosed.
The
CAI has also released its August estimate for the ongoing cotton season 2014-15
and retained the crop at 382.75 lakh bales of 170 kgs each. As may be noticed, the country is set to
witness one of the highest closing stocks in the history, as at the close of
the cotton season 2014-15.
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