However, the estimate is higher than last year (2016-17) production, which was 337.25 bales.
Total cotton supply for the season was at 417 lakh bales, including the opening stock of 30lakh bales at the beginning of the season and the imports which is estimated at 20 lakh bales for 2017-18 crop year, CAI said.
Domestic consumption is estimated to be 320 lakh bales while exports for the season is likely to be 55 lakh bales.
The carry over stock at the end of this season on September 30, is estimated to be 42 lakh bales, CAI added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)