Related Keywords: against thirty eight point two million bales last year, arrivals rose, beginning of this season, Cotton Association of India, cotton prices indicated a softening trend, initial peak levels, opening stock of about four point five million bales, projected a total demand of twenty nine point five million bales for the year, strong export demand
With an opening stock of about 4.5 million bales at the beginning of the 2016-17 season, the Cotton Association of India (CAI) has projected a total demand of 29.5 million bales for the year, against 38.2 million bales last year. CAI's estimates put available the surplus at 11.2 million bales.
However, looking at the trends in cotton arrivals at mandis, as much as 70 percent of the crop is believed to have already hit the market. Traders put total arrivals so far at 24.4 million bales.
