Exports estimated at 40 lakh bales
The Committee on Cotton Production and Consump tion has estimated the cur rent cotton season (October 2021 to September 2022) to close with a stock of 45.46 lakh bales.
At a meeting, the Com mittee estimated the total consumption by textile mills to be 329 lakh bales, includ ing 305 lakh bales by non SSI mills, and exports at 40 lakh bales. The production is expected to be about 340 lakh bales. As against a total supply of 430.46 lakh bales, the demand is likely to be 385 lakh bales.
Ravi Sam, chairman of Southern India Mills’ Asso ciation, urged the govern ment to revisit the estimates as consumption by non-SSI textile mills will be higher at 325 lakh bales. “After the Committee’s meeting, cot ton prices are said to have ri sen by 3,000 a candy. Even at this price, the mills are not getting cotton. Farmers have already sold the cotton with them. Hence, the go vernment should imme diately permit duty-free cot ton’imports of about 40 lakh bales,”