INDIA: Cotton Production Outlook Unchanged at Record 330 lakh bales
Cotton production outlook for the next season (August 2008-July 2009) has been kept unchanged at a record 330 lakh bales (of 170 kg each). This also means for the third consecutive year, India will be the second largest cotton producer in the world, having overtaken the US three years ago. Still, it will be nowhere…
Egytex News Desk
Egytex
Subsequently, global consumption declining by 59,000 tones next year to 26.25 mt against initial estimates of 26.31 mt and last years 25.99 mt.
That will lead to the carryover stocks declining 1.06 million tones from the earlier projection of 1.04 mt. This year, the stocks are expected to decline by 4.18 mt.
On the consumption side, Indian consumption is seen increasing to 430 lakh bales up from 419 lakh bales this year. China’s consumption is expected to increase to around 640 lakh bales from 627 lakh bales this year. On the other side, off take in the US is projected to decrease to 9.36 mt from earlier estimated of 9.58 mt and last year’s 10.01 mt.
Source: Sify.com
From the Egytex news archive, first published on 28 May 2008. Figures and names are as reported at the time.
