Cotton production estimated to be lower at 360 lakh bales

The Committee on Cotton Production and Consumption expects production during the current season (October 2020 to September 2021) to be at 360 lakh bales, slightly lower than the 2019-2020 estimate of

The Committee on Cotton Production and Consumption expects production during the current season (October 2020 to September 2021) to be at 360 lakh bales, slightly lower than the 2019-2020 estimate of 365 lakh bales. At a meeting held on Friday, the committee estimated cotton exports in the current season to be at 70 lakh bales and consumption by textile mills at 288 lakh bales. The closing stock is projected to be almost 119 lakh bales. In its previous meeting held in January this year, the committee estimated 2020-2021 production to be 371 lakh bales, textile mill consumption at 312 lakh bales, and exports to be at 75 lakh bales.