Related Keywords: before the season ends., Cotton Corporation of India auctioned cotton bales, cotton production, cotton spot price decline, cotton yarn, lower cotton imports, remain uncertain, weather volatile
The cotton production outlook remains uncertain, as the weather is still volatile. With the current cotton year ending on September 30, the total stocks at the dawn of the new season would be around 83 lakh bales (170 kg). Of this around 18-20 lakh bales will lie with government agencies. Cotton spot price have already started to decline.
Last year, Cotton Corporation of India procured record quantities of about 87 lakh bales under its minimum support operations. Of these, about 70 lakh bales are expected to be auctioned before the season ends.
