The production of cotton in the new season will be 360 lakh bales
MUMBAI: The Cotton Association of India has set a preliminary estimate of 20.15 lakh bales of cotton production in the new rupee season 2021-3 starting October 1. CAI reduces export estimate by 20 lakh bales The preliminary estimate for the new season is 2.16 lakh bales more than the estimate of 3 lakh bales for the ended 2020-21 season. One bale means 150 kg. Is Rs. The total supply of cotton for the current season, which ends at the end of September 30, 206, will be 3.17 lakh bales of 150 kg each, the association said in a list. At the start of the season, the country's opening stock of cotton was 3 lakh bales. Besides, it is estimated that 1 million bales will be imported in the current year. Domestic consumption of cotton in the current season is also expected to be 3 lakh bales. The export estimate which was 3 lakh bales last season has been reduced to 3 lakh bales for the current season. The country is expected to have a stock of 2.15 lakh bales of cotton by the end of