Five lakh bales reduction in cotton production estimate: Imports likely to increase

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MUMBAI: The Cotton Association of India has slashed its crop production estimates by five lakh bales for the October-September 2031 Neeru season from 2021 to 5.15 lakh bales of 150 kg each.

Gujarat, Telangana and Karnataka have seen lower crop yields than expected, said Atul Ganatra, president of the association, in a statement.

Due to low domestic production, cotton imports are expected to increase to 12 lakh bales in the current season.

Exports of cotton from India, which was 3 lakh bales last year, are expected to fall to 5 lakh bales this year.

In the first four months of the current season, a total of 2.50 lakh bales were collected, the statement said.

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