Mumbai: The Cotton Association of India (CAI) Wednesday said November estimate of the crop stood at 402 lakh bales for the season 2014-15, which is lower compared to last year due to slight decline in productivity in Gujarat.
The total cotton crop stood at 407.25 lakh bales (of 170 kg each) during 2013-14, according to data from CAI.
Total crop in Gujarat in November is estimated at 122 lakh bales compared to 129.25 lakh bales last year.
The projected balance sheet drawn by the CAI for the year 2014-15, estimates total cotton supply at 473.90 lakh bales, while domestic consumption is estimated at 306.00 lakh bales thus leaving an available surplus of 167.90 lakh bales.
In its September estimates, CAI had placed the crop output in 2014-15 season to be 403.75 lakh bales.
