By Seshadri Ramkumar, Texas Tech University, USA
LUBBOCK(Commodity Online): Indian cotton acerage in the next season (October 2012–September 2013) will be slightly lower than this year.
Speaking at the 53rd general meeting of The Southern India MillΆs Association (SIMA), Dinakaran who was re-elected for the second time as the Chairman, presented Indian cotton scenario, price situation and spinning capacity details.
According to Chairman Dinakaran the acreage for the current season ending this month is 30.09 million acres, which is 8% higher than last season. SIMA chairman reported that this situation will change next year with the lowering of cotton acerage. At the same time, cotton consumption in India is expected to marginally increase.
The spinning capacity for 2011-12 is on the increasing trend with the total capacity of 48.25 million spindles and 771,000 rotors. This is of 1.5 % and 5.3 % increase in the spindle and rotor capacities compared to 2010-11.
IndiaΆs Cotton Advisory Board estimated this seasonΆs production to be 35.3 million bales (170 kgs each) and the mill consumption this year to be 23.9 million bales (170 kgs each).
In his statement, Chairman Dinakaran did not exactly estimate the percentage decline in the cotton acerage for the next season (2012-13).