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Cotton News - CAI has retained its cotton crop estimate at 344 lakh bales for the 2022 23 season
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CAI has retained its cotton crop estimate at 344 lakh bales for the 2022-23 season

The Cotton Association of India has attributed the increase in production majorly from Gujarat, Punjab, and Haryana. Agriwatch has estimated cotton production during 2022-23 season at 348.16 lakh bales.

Majorly, CAI has reduced its export estimate for the 2022-23 season. The exports for the 2022-23 season are estimated at 30 lakh bales and are less by 13 lakh bales than the exports estimate of 43.00 lakh bales for the 2021-22 season. Exports has been revised down due to weak demand as Indian cotton prices have again increased in the domestic market.  Also, domestic consumption has revised to 300 lakh bales as against 320 lakh bales estimated earlier. The previous year’s consumption estimate was 318 lakh bales.