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India's Oct-April cotton supplies drop 12.5 pct y/y - trade body
May 26, 2016 / 1:07 PM / a year ago

India's Oct-April cotton supplies drop 12.5 pct y/y - trade body

MUMBAI, May 26 (Reuters) - Cotton supplies in Indian spot markets fell 12.5 percent compared with last year to 30.24 million bales between October and April as adverse weather conditions curtailed output, stated the Cotton Association of India on Thursday.

In April, cotton supplies fell 17.8 percent from a year ago to 2.22 million bales, it said.

The world’s biggest cotton producer is likely to harvest 34.1 million bales of cotton in the 2015/16 season, that started on Oct. 1, down from last year’s output of 38.3 million bales, added the trade body.

Trade bodies are consistently reducing cotton production estimates for the current season as pest attacks and the first back-to-back droughts in nearly three decades hampered per-hectare yields.

1 Indian bale = 170 kg Reporting by Rajendra Jadhav; Editing by Sherry Jacob-Phillips

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