Friday, 7 February 2020

20 lakh bales exported where 192 lakh bales have arrived

In India, cotton crop plays an import role for export after paddy. In India, cotton producer farmers were waiting for cotton prices. So far, 20 lakh bales (one lump-170 kg) of cotton have been exported in the current crop season 2019-20 which is started from October 1, 2019, while 10 lakh bales have also been imported during this period. Cotton production is estimated to increase by 13.62 percent to 354.50 lakh bales in the current season and by the end of January, 192.89 lakh bales have also arrived. According to the Cotton Association of India (CAI), 20 lakh bales have been exported in the current crop season till 31 January while the total exports in the current season are estimated to be 42 lakh bales, which is almost equal to last year. According to the CAI, the import of cotton has reached 10 lakh bales in the current season till 31 January and the total imports are estimated to be only 25 lakh bales as compared to 32 lakh bales last year.

Production estimates higher in Gujarat, Maharashtra

According to CAI, cotton production is estimated to be 96 lakh bales in Gujarat in the current season, 85 lakh bales in Maharashtra and 16 lakh bales in Madhya Pradesh as compared to 88 lakh bales, 70 lakh bales, and 22.63 lakh bales respectively in these states last year. Was produced. Telangana is estimated to produce 51 lakh bales in the current season, 15 lakh bales in Andhra Pradesh, 20.50 lakh bales in Karnataka and five lakh bales in Tamil Nadu. In Uttar Pradesh states Punjab is estimated to produce 10 lakh bales in the current season, 26 lakh bales in Haryana and 25 lakh bales in Rajasthan.

192.89 lakh bales of cotton have arrived in the mandis


According to CAI, cotton production is estimated to increase to 354.50 lakh bales in the current crop season as compared to 312 lakh bales of cotton produced last year. In the current crop season, till January 31, the daily arrival of cotton in the producing mandis has been 192.89 lakh bales. According to the CAI, there was an outstanding stock of 32 lakh bales at the beginning of the current crop season, while the total availability would be 411.50 lakh bales, with an estimated production of 354.50 lakh bales and 25 lakh bales of imports. Domestic annual consumption of cotton is estimated at 331 lakh bales.


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