The U.S Department of Agriculture (USDA) estimates India's 2017/18 Cotton yield to decrease to 519 kilogram per hectare, down slightly from last month and down 4% from last year due to pink bollworm infestation, which has been reported in 50% of the second and third picking in Maharashtra. Gujarat, however, which produces 30% of total production, has reported no incidence of pest infestation. Cotton crop area is expected to reach a near record at 12.3 million hectares, unchanged from last month and up 13% from last year. Planted area increased due to higher domestic prices compared to other crops. Cotton production is forecast at 29.3 million bales (480- pound bales), down less than 1 percent from last month forecast but up 9 percent from 2016/17.
SEBI Registration No.- INH000002764
Please refer disclaimer at http://arihantcapital.com/