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Cotton Association of India retains estimates at 354.50 lakh bales for 2019-20

Despite the country facing a lockdown, Cotton Association of India (CAI) has retained its cotton crop estimates for the season 2019-20 at 354.50 lakh bales. Atul Ganatra, President of CAI maintains there is likely to be a good demand coming from Bangladesh as soon as the lockdown will be over. The association also expects good demand from China as well. Exports will also pick up when the lockdown ends

Currently, cotton procurement in the country has been stopped. Even Cotton Corporation of India (CCI) has stopped the purchase of Minimum Support Price (MSP) cotton because APMC markets are not working. CCI will start procurement of cotton once APMC markets open.

The cotton that is lying in the field has not been plucked. This is mainly due to manpower constraints. We do not know what the position of the crops will be. We will know in times to come if the crop is destroyed or not. We will know about it mostly in 10 days or so.

 
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