The production of cotton is estimated at 340.50 lakh bales for 2016-17 crop year, as per industry association Cotton Association of India (CAI) in its April projection. The production of cotton production stood at 337.75 lakh bales last year.
The projected balance sheet drawn by the CAI estimated total cotton supply for the season at 410.50 lakh bales, while the domestic consumption is estimated at 300 lakh bales, which will leave an available surplus of 110.50 lakh bales.
The arrival of cotton during April is estimated at 30.75 lakh bales compared to 22.25 lakh bales arrived during the same month last year. The total arrival this season up to April is estimated at 306.25 lakh bales, which is around 90% of the total estimated crop.