By Our Special Correspondent MUMBAI, FEB. 11
The cotton arrivals as on 31st January 2013 have been estimated at 177.50 lakh bales by Cotton Association of India (CAI) in its January estimates (as on 31st January 2013) of the cotton crop for the season 2012- 13 released today.
The cotton crop for the season 2012-13 has been estimated by CAI at 353.75 lakh bales. The projected Balance Sheet drawn by the CAI for the year 2012-13 estimated the total cotton supply at 418.96 lakh bales while the domestic consumption is estimated at 271.00 lakh bales, thus leaving an available surplus of 147.96 lakh bales.
According to Mr. Dhiren N. Sheth, President CAI, the cotton crop continues to look promising this year despite the reduction in cotton acreage. The mill sector continues to perform well. The average daily arrivals continue at an impressive pace of over 2,50,000 bales, he added. (Source: Tecoya Trend)