India 2016-17 Cotton outlook remains steady


The Cotton Association of India (CAI) has estimated the country’s 2016-17 (Oct-Sep) Cotton crop at 33.8 million bales of 170 kg each, unchanged from the previous year on expectation of higher yield which could offset acreage losses.

The association sees India’s 2016-17 (Jul-Jun) Cotton acreage 10% lower compared to last year. According to agriculture ministry data, Cotton acreage in the 2016-17 kharif season so far is down 8% on year at 10.15 million hectares.

CAI projected Cotton exports in 2015-16 (Oct-Sept) at 6.5 million bales, while country has shipped around 6 million bales until July. Imports could be around 1.5 million bales.