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The production of cotton for the ongoing 2017-18 season is estimated at 360 lakh bales of 170 kgs each, 2 lakh lower than its previous estimate of 362 lakh bales made in March. The Cotton Association of India (CAI) has revised estimates downward due to lower production of one lakh bales each in the states of Maharashtra and Karnataka in the current cotton season (October 2017-September 2018). The projected balance sheet drawn by the association estimated total cotton supply for the season at 410 lakh bales of 170 kgs each, which includes the opening stock of 30 lakh bales at the beginning of the season and the imports which the CAI has retained at 20 lakh bales as in the previous month. CAI has estimated domestic consumption at 324 lakh bales, while the exports for the season are estimated at 65 lakh bales, which is higher by 5 lakh bales than the its estimate of the previous month as the country is now witnessing a good export demand.

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