“Despite some
crop damage in the southern region from rains, the northern and central
regions have shown some improvement in production, which will boost
overall production, r A.B. Joshi told reporters after the meeting of the
government-run Cotton Advisory Board. ..India, the world’s
second-largest cotton producer and exporter, earlier forecast production
of 32.5 million bales in the crop year that started Oct. 1. The country
produced 29.5 million bales in 2009-10. Each bale weighs 170 kilograms.
..The higher output estimates may mean the government will increase exports beyond a quota of 5.5 million bales. ..Demand
for Indian cotton from overseas buyers has soared over the past few
months as China and Pakistan, the other key producers, are forecasting a
drop in output due to floods”
Date:1/6/2011
Source:www.cottonaustralia.com