India cotton output seen rising 12% on bigger crop area, says trade body
- IBEF
- October 19, 2022
India is expected to produce 34.4 million bales of cotton in the 2022-23 season, which began on October 1, 2022 up 12% from the previous year due to farmers expanding crop area. The increase in output in the largest cotton-producing country could have an impact on international prices, which have recently reversed dramatically after reaching a 10-year high earlier this year.
According to Mr. Atul Ganatra, president of the Cotton Association of India (CAI), the area under cotton crops has expanded by almost 10%, and this year's per-hectare yields are expected to improve as well. According to him, India's carry forward stockpiles for the new season were 3.19 million bales, down from 7.18 million bales last year. He noted that the country's cotton consumption, which was negatively impacted by decreased supplies and higher prices, could increase from 31.8 million bales to 32 million bales in the upcoming season
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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