Detailed Product Description
INDIA, the second largest cotton growing country in the world after China, is estimated to have produced 31 million bales of cotton during 2007-08 (provisional estimate) compared with 28 mn bales in the previous year, according to Cotton Corporation of India. India accounts for little over 26 percent of total global production of cotton and accounts for 28.18 percent of global cotton area. According to the USDA, in terms of global production. with 21.80 mn bales India ranks second (China topping the list) in cotton production closely followed by US (with 21.58 mn tonne) in cotton year 2006-07. China's cotton production stood at 35.50 mn bales in 2006-07. Compared with 2005-06, India's cotton area in 2006-07 stands larger at 9.53 mn hectares compared with previous year's 9.14 mn hectares. The yield per hectare works out at 553 kilogram against 521 kg per hectare in 2005-06, according to CCI. India's cotton year is October-September.
The 's provisional estimate for 2007-08 (Report, May 2008) indicates about 1.32 percent lower global cotton production in global cotton year (August-July) 2006-07. Production in 2007-08 stood at 120.46 mn bales compared with 122.08 mn bales in 2006-07. Consumption of cotton in 2007-08 is estimated to have increased by 0.98 percent to stand at 124.43 mn bales compared with estimated 123.21 mn bales in 2006-07. Global ending stocks of cotton are estimated higher at 63.00 mn bales at the end 2006-07 from estimated 62.38 mn bales at the end of 2005-06.
On the other hand, according to 's latest report (June 2008) the gap between world production and consumption, world cotton ending stocks are projected to decline during 2008-09 by about 1 million tons (9 percent) to 11.3 million tonsfrom estimated 12.01 mn tons in 2007-08.
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