AgroStar Krishi Gyaan
11 Jan 20, 01:00 PM
Krishi VaartaOutlook Agriculture
Exports of 10 lakh bales of cotton in first three months of season
In the current season starting from October 1, 2019, till December 31, 10 lakh bales (one lump-170 kg) of cotton have been exported, while about 6.50 lakh bales have also been imported. Cotton production is estimated to increase by 13.62% to 354.50 lakh bales in the current crop season 2019-20, which started from October 1.
According to the second advance estimate released by the Cotton Association of India (SEA), the production of cotton is estimated to be 354.50 lakh bales, which is more than 312 lakh bales of last year. From October 1 to December 31, 125.89 lakh bales of cotton have arrived in the producing markets.
The demand for yarn mills is also weak due to higher production estimates in the current season, due to which cotton prices in producer mandis remain below the minimum support price (MSP). Cotton prices in the mandis range from Rs 4,900 to Rs 5,200 per quintal while the central government has fixed the MSP of cotton at Rs 5,250-5,550 per quintal for the current crop season 2019-20.
According to the association, the yield of cotton in North India is estimated to be 61 lakh bales, in Central India is estimated to be 197 lakh bales, in Gujarat it is estimated to be 96 lakh bales. At the same time, production in Maharashtra is estimated to be 85 lakh bales. It is estimated to produce 51 lakh bales in Telangana and 20.50 lakh bales in Karnataka and 1.5 lakh bales in Andhra Pradesh.
Source: Outlook Agriculture, 6 January 2020
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