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Cotton sector in crisis on high surplus of 16.6 million bales

28 Jan 2015 Evaluate

The Cotton Association of India (CAI) has estimated total cotton supply including carry forward stock for the current cotton year is to be 47.2 million bales.

The cotton body said that crop for the year is estimated at 40 million bales and considering domestic consumption, which is estimated to be at 30.6 million bales, there would be a surplus of 16.6 million bales. CAI has asked the government to support the cotton chain as sector is facing a huge glut and sharp fall in export demand due to reduced import of material from China.