Cotton Production Expected to be Higher than Consumption this Season
Date : December 24, 2012
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355 lakh bales is the anticipated cotton produce, although the consumption is expected to be close to 265 lakh bales. Acording to the industry experts a sizable surplus is anticipated as the cotton production this year is expected to be not less than 355 lakh bales while the consumption is likely to be around 265 lakh bales.
Initially there was a fear that the sphere under cotton may be lower than the previous year, resultant to the delayed onset of monsoon and adverse dispersion of subsequent rains in some cotton growing areas.
Despite the acreage witnessed a three percent decrease, the crop looks promising due to good rains in Andhra Pradesh and Maharashtra in the later part of the monsoon. Cotton has been one of the major success stories of the country even though when performance of agriculture sector was not so impressive.
Indian Cotton Manufacturers produced 158 lakh bales in 2001-02, has more than doubled during the last decade. Productivity level has also seen a marked improvement from 308 kgs/ha in 2001-02 to close to 500 kgs/ha in 2011-12.
The total acreage has also registered remarkable increase from 87.3 lakh ha in 2001-02 to 121.78 lakh in 2011-12. This has not only enabled the country to fulfill its domestic needs but also transformed the country from a chronic importer of cotton to a regular exporter. India’s total export earning from cotton, which was a meagre 44 crore in 2001-02, stood at a whooping 14,000 crore in the year 2011-12.
The country has the distinction of having the largest acreage under cotton and being the second-largest producer, consumer and Indian cotton Exporters of cotton in the whole world.
The growth in production of cotton in India during the last ten years was on account of increase in both acreage and yield. Given the limitations on expansion of acreage, the main source of long-term growth is improvement in yield. The yield level has plateaued during the last couple of years and our yield is still way below the world average.
In order to sustain the onward momentum in yield, the country needs more revolutions.