This cotton season will end on 30 September 2022. It is estimated that by the end of the season the closing stock of cotton will be 39.27 lakh cotton bales. After the meeting of the Cotton Production and Consumption Committee held in May, the data of cotton imports, opening stock, total availability of the season etc. were released for this season.
The Committee on Cotton Production and Consumption in its meeting held in May had estimated the closure of around 41.27 lakh bales.
After a meeting on Friday, the committee said that imports are expected to be 15 lakh bales, production at 315.43 lakh bales and opening stock at 71.84 lakh bales. With this, the total availability for the season is estimated to be 402.27 lakh bales.
The textile mills (non-small scale industry units) were expected to consume 285 lakh bales as against 289 lakh bales estimated by the committee in its meeting in May. Industry sources here said the demand for cotton has declined due to weak demand for yarn.
The consumption by small scale units was expected to be 20 lakh bales while the non-textile consumption was expected to be 16 lakh bales. The export was estimated at 42 lakh bales, the committee said.
This cotton season will end on 30 September 2022. It is estimated that by the end of the season the closing stock of cotton will be 39.27 lakh cotton bales. After the meeting of the Cotton Production and Consumption Committee held in May, the data of cotton imports, opening stock, total availability of the season etc. were released for this season.
The Committee on Cotton Production and Consumption in its meeting held in May had estimated the closure of around 41.27 lakh bales.
After a meeting on Friday, the committee said that imports are expected to be 15 lakh bales, production at 315.43 lakh bales and opening stock at 71.84 lakh bales. With this, the total availability for the season is estimated to be 402.27 lakh bales.
The textile mills (non-small scale industry units) were expected to consume 285 lakh bales as against 289 lakh bales estimated by the committee in its meeting in May. Industry sources here said the demand for cotton has declined due to weak demand for yarn.
The consumption by small scale units was expected to be 20 lakh bales while the non-textile consumption was expected to be 16 lakh bales. The export was estimated at 42 lakh bales, the committee said.
