Mumbai: Cotton arrivals at Indian mandis for the Oct-Sept cotton year touched 22.57 million bales as on 20 March, 2007, data from a textiles ministry report showed.
This accounts for 84% of the government’s projection of 27 million bales production during the year. Each bale weighs 170 kg. The arrivals are 15.74% higher than the previous year’s arrivals of 19.5 million bales for the same period.
With most of the cotton already harvested, the daily arrivals have now declined significantly. The current daily arrival in the northern zone state of Punjab is almost zero, the report showed.
In the central zone, Gujarat has daily arrivals of about 15,000 bales while arrivals in Madhya Pradesh and Maharashtra are 2,000 bales and 4,000 bales respectively. In southern zone arrivals are about 4,000 bales in Andhra Pradesh.
“Increased investment in the spinning sector is being reflected by the increased consumption of raw cotton,” J N Singh, commissioner with the Indian textiles ministry, said in Mumbai.
India could exceed growth expectations for cotton consumption by 2011, making the country a net importer of cotton, he said. India is the world’s third-largest producer of cotton. Last year, the country exported about 4.7 million bales, mainly to China.