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Cotton production estimates lower to 374 lakh bales for 2013-14: CAI

13 Feb 2014 Evaluate

The production of cotton is forecasted marginally lower to 374 lakh bales for the current marketing year, as per estimates of the Cotton Association of India (CAI). The cotton production in 2012-13 marketing year (October- September) stood at 356.75 lakh bales. CAI had earlier pegged the output at 376 lakh bales of 170 kg each in its December estimate.

The acreage of cotton in the current season (2013-14) has come down slightly to about 118 lakh hectares as compared to 120 lakh hectares in the last season. Despite low acreage the production will be higher in the current season due to good monsoon and besides acreage in Gujarat has gone up substantially. Arrivals till December in the current season were up by 16.8% and stood at 119.75 lakh bales compared to 102.50 lakh bales in the same period last season.

The production of cotton in state of Gujarat 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 estimated to come down slightly. The government has pegged cotton production at 353 lakh bales for 2013-14 and has raised minimum support price (MSP) for cotton to Rs. 3,700 per quintal from Rs. 3,600 per quintal in 2012-13.

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