Indian cotton output forecast revised to 374 lakh bales for 2013-14

The Cotton Association of India (CAI) had marked the cotton production at 376 lakh bales of 170 kg each in its December estimate for the current marketing year. But having noticed that the acreage of cotton has come down to about 118 lakh hectares in the current season as compared to 120 lakh hectares last season, the Cotton industry body CAI has lowered marginally its production forecast of the commodity to 374 lakh bales for the current marketing year.

But according to CAI president Dhiren Sheth, production will be higher in the current season despite lower acreage as there was good monsoon this year and acreage in Gujarat has gone up substantially,

Arrivals till December in the current season were up by 16.8% to 119.75 lakh bales compared to 102.50 lakh bales in the same period last season.

However, Gujarat cotton production is set to jump to 118 lakh bales from 86.50 lakh bales during the period under review. The output is expected to go up in Maharashtra also, while in Andhra Pradesh and Punjab, it is likely to come down slightly.

Cotton production in 2012-13 marketing year (October-September) stood at 356.7 lakh bales.

CAI said in its latest estimates that the production of cotton crop for the 2013-14 season beginning October 1, 2013, is estimated at 374 lakh bales,.