In­dia’s cot­ton out­put pegged at 8-year low

The Hindu Business Line - - COMMODITY WISE -

With a short­age of wa­ter in cot­ton-grow­ing re­gions, In­dia is star­ing at the low­est out­put of the fi­bre crop in nearly a decade. In its lat­est es­ti­mates, the Cot­ton As­so­ci­a­tion of In­dia has fur­ther trimmed the crop size by 5 lakh bales to 330 lakh bales (of 170 kg each) for the 2018-19 sea­son, with ma­jor loss in out­put in the key-pro­duc­ing States of Gu­jarat, Te­lan­gana and Kar­nataka.

On Thurs­day, CAI re­leased its monthly crop es­ti­mate for Jan­uary 2019, in which it low­ered the es­ti­mate for the third time in a row. The lat­est crop es­ti­mate for 2018-19 sees out­put at the low­est level since 2010-11, when the coun­try’s cot­ton crop was 332.25 lakh bales.

CAI data re­vealed that a sharp de­cline in out­put is pro­jected in the cot­ton heart­lands of Gu­jarat and Kar­nataka to the ex­tent of 20 per cent each, while Te­lan­gana is to wit­ness a 13 per cent dip in out­put. The as­so­ci­a­tion has es­ti­mated the cot­ton crop for Gu­jarat — the largest grower in the coun­try — at 83.5 lakh bales as against 105 lakh bales re­ported last year.

All-In­dia cot­ton out­put was es­ti­mated to de­cline of nearly 10 per cent for 2018-19.

In the South­ern zone, farm­ers have up­rooted their cot­ton plants due to mois­ture de­fi­ciency, as a re­sult of which there is no scope for the third and fourth pick­ings, said Atul Gana­tra, pres­i­dent, CAI.

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