Cotton output estimate has been kept unchanged at 382.75 lakh bales for the 2014-15 marketing year (October-September), according to data compiled by CAI.
The Cotton Association of India (CAI) has retained the estimate of the crop at 38.27 million bales in 2014-15 marketing year. Production stood at 40 million bales (of 170 kg each) during 2013-14. The projected balance sheet drawn by the CAI for 2014-15 estimates total cotton supply at 453.65 lakh bales, while domestic consumption is estimated at 31.5 million bales.
The association said that the Cotton Corporation of India (CCI) has procured about 8.7 million bales to provide price support to the farmers, but has not been able to sell the stocks.