CAI estimates 124.10 lakh-bale surplus

NAGPUR: The Cotton Association of India (CAI) released its April estimate of the cotton crop for the season 2015-16 at 341.50 lakh bales of 170 kg each.
The projected balance sheet drawn by the CAI for the year 2015-16 estimates total cotton supply at 429.10 lakh bales while domestic consumption is estimated at 305.00 lakh bales thus leaving an available surplus of 124.10 lakh bales.
CAI president Dhiren Sheth said that the arrival of cotton during the month of April 2016 was about 22.25 lakh bales as compared to 27.05 lakh bales arrived during the same month last year.