Wednesday, December 29, 2010

SICA estimates for 2010-11 lower than 2009-10

Tuesday, December 28, 2010, 19:49[IST]
The South India Cotton Association (SICA) has estimated the cotton crop for the 2010-11 season at 308 lakh bales (of 170 kg each) as compared to an estimate of 309 lakh bales (of 170 kg) during the 2009-10. 
Cotton Advisory Board's (CAB) has given an estimate of 325.48 lakh bales which is also slightly higher than the estimate it had given for 2008-09 at 309 lakh bales.
There has been a decline in the projections by SICA as compared to last year. The reasons for the decline is the rough weather and unfavourable climatic conditions which have led to floods and heavy winds thereby damaging the crop. Commenting on the seasonal plight , Mr K.N. Viswanathan, Honorary Secretary, SICA said that, "Damage due to unseasonal rains, flooding in cotton tracts and heavy wind could have damaged the standing crop. Now, winter has started."
As per the Group of Secretaries meeting held in December, the output is expected to be 290 lakh bales during 2010-11. Commenting on the cotton output textile industry sources said that, "The erratic monsoon and floods in the major cotton producing States such as Andhra Pradesh, Maharashtra and parts of Gujarat have seriously affected cotton production. We expect the production to hover around 290 lakh bales."
A comparison of the CAB estimate with the cotton association's estimate revealed a decline in production estimates in every cotton growing State except Punjab, Haryana and Rajasthan, where the CAB had estimated the crop size at 36.77 lakh bales, while the current year estimate of SICA is higher at 44 lakh bales.
 
 

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