The Cotton Association of India (CAI) has estimated cotton crop for the ongoing 2017-18 crop season beginning from October 1, 2017 at 367 lakh bales of 170 kg each. CAI has lowered its estimate of the cotton crop for the ongoing season by 8 lakh bales. The reason for this reduction is severe infestation of the cotton crop by pink bollworm.
The projected Balance Sheet drawn by the CAI estimates total cotton supply for the season at 417 lakh bales, including the opening stock of 30 lakh bales at the beginning of the season and imports which the CAI estimates at 20 lakh bales for 2017-18 crop year.
Further, as per the data received from each cotton growing local state association, the CAI estimates cotton arrivals up to January 31, 2018 at 211 lakh bales as compared to 157.75 lakh bales arrived during the same period last season.
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