 "Cotton sector in crisis on high surplus of 16.6 million bales")
The Cotton Association of India has estimated total cotton supply, including carry forward stock for the current cotton year, to be 47.2 million bales.
The cotton body said today that crop for the year is estimated at 40 million bales and considering domestic consumption, which is estimated to be at 30.6 million bales, there would be a surplus of 16.6 million bales. CAI has asked the government to support the cotton chain which is facing a crisis due to the huge glut and sharply falling export demand, after China reduced import of the material
"With a bumper crop of around 4 crore bales and a huge available surplus resulting in a glut, the cotton sector in India is facing a major crisis. In order to tide over this situation, we urge the Government to support the entire cotton sector including the ginning, trading and exporting sectors through banking channels and other means," CAI said in a press release.
The cotton body said today that crop for the year is estimated at 40 million bales and considering domestic consumption, which is estimated to be at 30.6 million bales, there would be a surplus of 16.6 million bales. CAI has asked the government to support the cotton chain which is facing a crisis due to the huge glut and sharply falling export demand, after China reduced import of the material
"With a bumper crop of around 4 crore bales and a huge available surplus resulting in a glut, the cotton sector in India is facing a major crisis. In order to tide over this situation, we urge the Government to support the entire cotton sector including the ginning, trading and exporting sectors through banking channels and other means," CAI said in a press release.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%