Cotton industry body urges CCI to procure 100 lakh bales in 2017-18

With a bumper Cotton crop expected during the 2017-18 season (October-September), the Indian Cotton Federation (ICF) has urged the union government to direct the state-run CCI (Cotton Corporation of India) to procure 100 lakh bales (a bale is 170 kgs).

While a record crop of 400 lakh bales is estimated for the 2017-18 season making India the biggest producer of Cotton for the third consecutive season, mill consumption will be around 300-310 lakh bales, ICF noted.
 

Cotton sowing has reached a record high of 122.6 lakh hectares in the country during the just concluded kharif season on the back of good rainfall in key growing regions.

According to lnternational Cotton Advisory Committee's (ICAC's) latest report, a similar situation is expected in other Cotton growing countries, resulting in 75% surplus cotton globally for 2017-18.  

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