Total cotton output estimated at 370.50 lakh bales for 2015-2016
Q. Total cotton output has been estimated at which value for 2015-2016 beginning October 1st?- Published on 30 Oct 15a. 370.80 lakh bales
b. 370.70 lakh bales
c. 370.60 lakh bales
d. 370.50 lakh bales
ANSWER: 370.50 lakh bales
Country’s total cotton output has been pegged at 370.50 lakh bales for 2015-2016 commencing October 1st, according to an industrial body, CAI or Cotton Association of India. This is 12.25 lakh bales less than 382.75 lakh bales for the cotton season 2014-2015. Impact of this fall in crop will be softened by highest ever opening stock at the commencement of 2015-2016. Domestic consumption of cotton is also on the decline. Crop damage in the northern zone due to the white fly disease has become a major cause for concern. Total crop adjudged in the northern zone equals 47 lakh bales for this year as against 53.50 lakh bales last year. Projected balance sheet drawn by CAI assesses the estimated cotton value for the season to be 463.15 lakh bales as against 53.50 lakh bales in 2014. Projected balance sheet by CAI estimates total cotton output supply at 463.15 lakh bales while consumption is pegged at 325.00 lakh bales leaving additional amount of 138.15 lakh bales.
