India’s cotton production estimate has been reduced by 9.25 lakh bales of 170 kg each to 330.50 lakh bales for the current marketing year 2022-23 (October to September). However, industry experts feel that actual production may be lower than this estimate because of seasonal impact. Despite lower cotton production, prices are not getting support because of price disparity in the country.
Cotton Association of India (CAI) in its December estimate report reduced the production estimate by 9.25 lakh bales from the previous estimate of 339.75 lakh bales. The industry body had initially estimated production of 344 lakh bales, which has been reduced twice already. The production estimate has been reduced by 13.5 lakh bales in total. Last year, the output was reduced to just 307.05 lakh bales in multiple tranches.
The output is expected to decline by 2 lakh bales each in Maharashtra, Andhra Pradesh, and Karnataka to 82.50 lakh bales, 13 lakh bales and 22 lakh bales, respectively, according to CAI. Except for Gujarat, where the output is likely to remain steady, most of the cotton producing states are expected to witness a decline in production.
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