Related Keywords: 375 lakh bales of 170 kg each in 2016-17, Cotton Association of India, current cotton prices are ruling lower, expect prices to remain above MSP till December, higher production, kapas, over previous year, still above the minimum support price, than previous year, trade body estimates cotton production, up by 11 percent
Cotton Association of India, trade body estimates cotton production of 375 lakh bales of 170 kg each in 2016-17, up by 11 percent over the previous year. Despite higher production, the current cotton prices are ruling lower than previous year but they are still above the minimum support price (MSP) and expect prices to remain above MSP till December.
The current cotton arrivals from kharif crop are at their peak, with mandis across the country getting about 1.60 lakh bales every day.
