According to the assessment by Cotton Advisory Board (CAB), total demand of cotton for 2011-12 is estimated to be marginally lower at 250 lakh bales as compared to the demand for 253 lakh bales for 2010. The domestic demand for cotton is expected to decline due to slowdown in the global and domestic markets.
The demand for the natural fibre stood at 253 lakh bales (one bale equal to 170 kg) during the 2010-11 cotton season (October - September).
The demand for cotton is moderate and buying is slow in the domestic market. Also lower textile shipment to the US and Europe forced domestic textile industry to cut down production by around 10 per cent.
CAB projected the exports of natural fibre at 80 lakh bales in the 2011-12 cotton season against 70 lakh bales in 2010-11.
CAB pegged the India's cotton production at 356 lakh bales in the current cotton season, as against 325 lakh bales in the last cotton season.
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