Drought in lots of cotton-growing areas may additionally reduce India’s cotton crop production by means of 7.87% to 343 lakh bales (of one hundred seventy kg each) in the 2018-19 season, the Confederation of Indian Textile Industry (CITI) stated in its state-of-the-art document.

The domestic textile enterprise body primarily based the projections on actual records accumulated from cotton-developing areas for the October-September 2018 crop season.

The Cotton Advisory Board had predicted the cotton crop to be 361 lakh bales on November 22, 2018.

CITI stated drought in many cotton-growing areas of Gujarat, a few areas of Maharashtra and a few areas in other cotton developing states has affected the yield.

“Though we’ve got a smaller crop size this year in evaluation to last yr, the cotton deliver function is secure with a large ending inventory of forty lakh bales, CITI stated.

“Thanks to a big beginning inventory, smaller exports and big imports, the production deficit is nicely blanketed. CCI (Cotton Corporation of India) has additionally began promoting its inventory, with the intention to similarly increase liquidity within the cotton marketplace,” the enterprise frame said in its record.

“Cotton prices are probable to stay consistent and variety-certain. Early monsoon and import arrivals in India may also create downward strain on cotton fees from June 2019,” the report said.- PTI