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Related Keywords: closing stock for cotton season projected, cotton corporation of India, creating a buffer stock, India, largest producer of cotton, leading to forced imports at high prices, lowest in five years, NITMA, strong exports, thirteen lakh bales

India, the largest producer of cotton but its closing stock for the 2016-17 cotton season (October-September) is projected at 13 lakh bales (a bale is 170 kgs), the lowest in five years. The country doesn't have sufficient surplus cotton however strong exports are leading to forced imports at high prices at end of the season. Hence their core advantage is getting eroded, said Sanjay K Jain, chairman, Northern India Textile Mills' Association (NITMA).

Related Keywords: Company for the development of textile, cotton farmers, growing phase, largest producer of cotton, Malian cotton fibre production, processing factories

Mali has more than 3.5 million cotton farmers, and 17 processing factories. The state-owned Malian Company for the Development of Textile (CMDT) and the sole cotton exporter in Mali announced that 2014-15 season ended with record production of 233,000 tonnes of cotton fibre versus 185,000 tonnes the previous year.

This is the best ever season in industrial terms: 233,000 tonnes of exportable cotton fibre from 549,000 tonnes of raw cotton, said Moussa Yattara, a technical advisor to the CMDT.