CAI pegs cotton crop at 330 lakh bales in Fysical Year20
Buoyed by good returns, farmers expand cotton sowing areas
New Delhi: The industry body, Cotton Association of India (CAI), has retained its crop estimate for 2019-20 at 330 lakh bales of 170 kg each, the same level as estimated by it in the previous month.
CAI released its May estimate of the cotton crop for the season 2019-20 (October-September) on Thursday. The cotton crop finalised by the CAI for the last year i.e. for the crop year 2018-19 was 312.00 lakh bales.
The total cotton supply estimated by the CAI during the months of October 2019 to May 2020 is 352.65 lakh bales which consists of the arrivals of 307.65 lakh bales, imports of 13.00 lakh bales up to May 31, 2020 and the opening stock estimated by the CAI at 32.00 lakh bales at the beginning of the season.