The Cotton Association of India (CAI) on Wednesday said it has placed the cotton crop for the season 2012-13 at 35.1 million bales as against 37.3 million bales in 2011-12.
CAI has placed the cotton crop for the season 2012-13 at 35.1 million bales, the association said after releasing its March estimates (as on March 31, 2013) of the cotton crop for the season 2012-13.
The projected balance sheet drawn by CAI for 2012-13 estimated the total cotton supply at 41.9 million bales, while the domestic consumption is estimated at 27.5 million bales, thus leaving an available surplus of 14.42 million bales, CAI President Dhiren Sheth said in a statement.
The cotton arrivals as on March 31 are placed at 29.42 million bales. The exports of cotton have virtually come to a standstill in 2012-13 as compared to 12.7 million bales exported in 2011-12, CAI said.
Commenting on state-wise cotton crop, CAI said, Gujarat is estimated to produce 8.5 million bales in 2012-13 as compared to 11.4 million bales in 2011-12.
Andhra Pradesh has surprised this year with an estimated higher cotton crop of 7.4 million bales in 2012-13 as against 5.8 million bales in 2011-12. Maharashtra is lagging behind with 7.15 million bales in 2012-13 as compared to 7.2 million bales last year.